AXISBANK: The Perfect Time Symmetry and Its Price Targets

AXISBANK had perfect time symmetry between its January 27 low and its recently registered low on August 29. Mathematically, that’s simply perfect. As long as the stock holds its August 29 low of 1042, we will assume the low is in place.

To initiate a long position, we would be looking for a breakout above 1077. A rally toward 1105 and 1140 could follow within the next few days.

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