AXIS BANK MIGHT FACE THE AXE!

Axis Bank looks weak on the weekly charts post confirmation from RSI and a converging MACD. It could move towards 669/ 650 in the near term with SL of 721. One may sell on rise for a better risk- reward Or take low volume trade.

Note : Should make a low below 681 in the coming week.

Yorum:

Made a minor low below 681. Not a substantial one. Keeping the position open as SL not reached and making a minor profit. Willing to stay on and take a hit or get to the target.