Axis Bank has broken its Flag & Pole pattern albeit with lower than 20 day MA volume!!
One needs to closely watch this scrip now as it may be a false breakout.
If the break out is supported with volume spurt then the target is good and will be quickly achieved.
But even today the volume is not above the 20 day MA of volume, hence, maintain a very tight SL on a close basis...
Cheers!!
One needs to closely watch this scrip now as it may be a false breakout.
If the break out is supported with volume spurt then the target is good and will be quickly achieved.
But even today the volume is not above the 20 day MA of volume, hence, maintain a very tight SL on a close basis...
Cheers!!