AXIS BANK BULLISH BAT FORMATION AT MARKET BUY OPPORTUNITY

18 Mar 2020

AXIS BANK STOCK IS TRADING NEAR LONG TERM SUPPORT ABOVE INR 450 LEVEL. STOCK HAS FORMED BULLISH BAT FORMATION AT SAME SUPPORT LEVEL ON DAILY AND WEEKLY CHART. WHICH GIVES GREAT OPPORTUNITY TO BUYERS AT SUPPORT LEVEL WITH CONFIRMATION OF HARMONIC PATTERN. SINCE IT IS DAILY AND WEEKLY FORMATION TRADE CAN TAKE ABOUT 3-4 WEEKS TO EITHER HIT TARGET OR STOP LOSS.

BUY ENTRY: INR 490 (CAN BUY AT MARKET)
STOP LOSS: INR 398
TARGET-1: INR 595
TARGET-2: INR 683