Friday, July 3, 2009

Symmetric Triangle in Axis Bank

After reaching the target of channel in Axis bank now it formed Symmetric triangle. Watch out for big volume breakout to enter the trade. Caution: Price is nearing Apex
Below is the 30 min chart of Axis Bank:


Update 12:01 PM:
Nifty is moving up with low volumes, hold with tight stop loss. Also volume near the break out is also not very big.

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