AXIS BANK View

AXISBANK. Not an easy trade but would still look to take a reversal trade here. The amount of risk is comparatively higher. To come out of a falling trend it first has to clear the zone of 703/723 on cash to test the levels of 755, 780, 810&840 in coming weeks. Above 723 it would come out from a falling Geometrical Channel which has been developed since late October. So that’s the first criteria it needs to conform a trend reversal.

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