Axis Bank post sharp fall from 1500+ levels till 763 levels, stock has managed to give a sharp pullback to retest multi month breakdown. A "Blue" down trend line acting as important resistance as of now for the stock in short term. Looking at various data points and technical studies we believe that stock may not sustain this up move and there is a correction in the offing and stock can touch 950-900 levels in coming days. Watch out for reaction from violet and Blue trend lines.
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| Axis Bank |
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