AXIS BANK
- As per previous post published on AXIS BANK, stock gave a sharp intraday move once it crossed 1990 and made a intraday high of 2009. (Click here to view past report on AXIS BANK).
- AXIS BANK moving up from strong 23.6% fibonacci retracement support zone as shown above, stock also moving up from 50 days moving average, which indicates as long as stock holds above its support zone will favor bulls.
- Now in daily chart stock has closed above its previous top of 1990, which indicates as long as stock holds above 1990 will favor bulls.
- If stock move further then stock will find next strong resistance 161.8% fibonacci retracement around 2140 as shown above.
- Suggested article to read from our collection - Japanese candlestick patterns.
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