February 25, 2014

AXIS BANK Falling Wedge Update


  • Falling wedge of axis bank which was discussed in a recent post continues to perform well for bulls. price has closed above the crucial 50 and 200 Day SMA.
  • Price for now is near the Golden ratio. No weakness here means price may extend towards the target level for the pattern which is at 1326 level.
  • S&P 500 Futures Testing the breakout zone
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