Axis bank has fallen 12% even after good result .The stock can make up move provided if bank nifty is positive. Here is my analysis
1)Double bottom pattern .
2)Lower low level not taken out & consolidation is from few days.
3)Good risk reward ratio
4)Trend might change if Lower High is taken out of fib level of 0.236.
5)Analysis is of 20 to 30 points and for 2 to 4 days.
(Education purpose, consult you advisor before taking trades)
1)Double bottom pattern .
2)Lower low level not taken out & consolidation is from few days.
3)Good risk reward ratio
4)Trend might change if Lower High is taken out of fib level of 0.236.
5)Analysis is of 20 to 30 points and for 2 to 4 days.
(Education purpose, consult you advisor before taking trades)