30 April 2014

AXISBANK

17th Aug







20th May

Next likely target.






Target achieved exactly at the indicated price.
Call closed.

30th Apr
Short Term View

With so much turbulence in the market, this stock is almost unaffected. No high delivery based selling is seen in the stock yet which indicates that the top is yet to come.

The wave count matches with the behavior. Every dip seems to be a buying opportunity as it still has over 10% up move possible.

Dip near the 20DMA should be an ideal entry.


Daily chart

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