1 Jul 2020 ● 07:43 AM
The reason axis bank has taken time to move is that it was forming a triangle for the last 2 months. With that complete we might have recently seen the first impulse wave i up and wave ii down. Today starting wave iii up we should head above the wave i high of 449.80. Medium term retracement levels are at 38.2% = 480, 50% = 535 and 61.8% = 593.