Hi everyone, Axisbank mid term swing trade consider buy above: 722, target: 818, stoploss: 705.
LOGIC BEHIND TRADE: Stock has recently boumved from it`s weekly & daily support and formed (W) pattern stock has given breakout of it`s resistance, buying on pull back is idea. (Target identified from harmonic xabcd pattern level 0.786) stoploss is taken low of neckline candle. RR looks good for mid term swing trade! AXISBANK