Axis Bank Ltd (Axisbank - NSE) is in corrective mode. It completed ABC sequence up as predicted in last updates. Now it starts correcting either ABC move, or C wave can extended as two options available in wave counts. As price is under-performer to Nifty, the first option is looks obvious on chart. It is going down in c wave in abc zigzag down of X wave, so can be good sell with stops of 441 as invalidation level for target zone of 395-90.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.