Axis Bank has breakout Symmetric Triangle formation-
This consolidation formation is usually a Continuation formation where previous trend will continue after the breakout, so in axis bank we see a Big uptrend coming in weeks to come.
Investments Targets
As Axis bank has spend 3.5 years in this formation from Feb'15 till Aug'18, so we expect a Re-rating of the stock with much bigger levels of 900+ in Few months to 1 year.
Trading Targets
One can also buy the stock with SL of 638 and a Target of 675 in few days.
This consolidation formation is usually a Continuation formation where previous trend will continue after the breakout, so in axis bank we see a Big uptrend coming in weeks to come.
Investments Targets
As Axis bank has spend 3.5 years in this formation from Feb'15 till Aug'18, so we expect a Re-rating of the stock with much bigger levels of 900+ in Few months to 1 year.
Trading Targets
One can also buy the stock with SL of 638 and a Target of 675 in few days.