Axis Bank (Crucial Stage) - May See 545-541-538-520
Updated
Axis Bank has crucial the upper trendline Resistance at 575 and is forming Inverted H&S Pattern which is a bearish Pattern. Can be shorted below 554. SL 563
Please consider following reasons -
1. Trend Line Resistance
2. Negative Divergence on Stocastic
3. Inverted Cup and Handle Pattern
Please consider following reasons -
1. Trend Line Resistance
2. Negative Divergence on Stocastic
3. Inverted Cup and Handle Pattern
Note
All targets met.Note
Pardon.Target 1, 2 and 3 met.
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