October 22, 2013

AXIS Bank inverted head and shoulders pattern

  • Axis bank daily chart shows a potential head and shoulders pattern. Price yet to clear the resistance line or the neck line properly, Need price and volume advance to confirm breakout.
  • Price need to sustain or close above 100 Week SMA to target the golden ratio level shown in last chart.

1 comment:

  1. Dear Analyst,
    Greeting from stockgrit!

    www.stockgrit.com welcomes you to come and join our website to post your valuable technical analysis where fellow traders will get benefited from your analysis and turn them as your followers. This is a great platform for you to start sharing and acquire a new follower base.

    Looking forward for you.