Stocks

Trading Setup

<p>Axis Bank made a higher low at 720 and support at the 40 EMA at 708. The recent decline as minor wave iv of 3 and wave v of 3 up should be next. As long as prices remain above 708 wave 3 appears to be intact and it would be equal to wave 1 near 900 level. The upper Bollinger band near 789 is the near-term resistance.</p>
<p><img src="https://api-media.indiacharts.com/public/images/article-images/axis60670.png" alt="Axis Bank made a higher low at 720 and support at the 40 EMA at 708. The recent decline as minor wave iv of 3 and wave v of 3 up should be next" /></p>