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ParamjitMahapatro

axis bank looks bullish in short to medium term

Long
AXIS BANK (NSE:AXISBANK)  
ParamjitMahapatro Updated   
NSE:AXISBANK   AXIS BANK
Parallel Channel Multiple Time Frame Analysis Support and Resistance breakout breakouttrading breakoutsignal highvolume Bullish Patterns
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parallelchannel mtfa supportandresistance breakout breakouttrading breakoutsignal highvolume bullish
in daily, price broke out with good volume, after consolidating in a horizontal channel, also BB is expanding.

in weekly, after a BB squeeze, price closed above upper BB, and BB is expanding.
snapshot

Also it broke the resistance zone after a long consolidation.
snapshot

with a sl - 492, 1st tgt - 565, 2nd tgt - 610.

Trade closed manually:
it was a false breakout , and price couldn't sustain above channel resistance.
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