AXIS BANK AT CRUCIAL SHORT TERM SUPPORT

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AXIS BANK: Looking at it through curved trendline, It seems to be at a crucial support an has the chances of rebounding for nearly around 4 -5% of return. Another confirmation would be 0.786 Retracement level of the previous trend. And after so huge fall expectation of a dead cat bounce is not at all superficial. The dual confirmation of curve Trendline and Retracement makes it a good bet.

Targets remains to be 779 and 799. Stop-loss would be below 740 on closing basis.

CHART & ANALYSIS BY - ADARSH DEY

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ملاحظة

I am having bearish view about ICICI BANK and expect it come down a little further: