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Axis Bank Update

19 Aug 202005:20 AM

Banks have taken their own time to make a move and that will remain the case. Axis bank made a triangle and then wave i and ii has gond on forever. wave II appears to touch the lower trendline from the bottom of the triangle as well as support near 425. Alternately it is possible to consider that the entire pattern from March to August is a triangle in Axis bank. The triangle maybe complete as the daily momentum indicator on the chart is now in buy mode indicating possible start of another move up. This move needs to breakout of the triangle above 486.

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