AXISBANK ( DAILY) - Cup and Handle Breakout

AXISBANK ( DAILY) (STOCH > 25 and 75 )

Formation of cup as on 4th Sept 2020 till 9th Oct 2020
Possible formation of handle till 9 day EMA

Buy above high of 473.5 ie high of 4th Sept 2020

Trend line breakout also present drawn from 1st of Sept till 9th Oct 2020

Target height of trend line 503.4
OR
Target height of cup for Rs.65 move
OR
Target 2*ATR for Rs.33 move

9 day EMA > 21 day EMA > 50 day MA
RSI > 60
Volume > AVG