Axis Bank Bullish- Fibonacci and channel pattern
1. Axis Bank is trying to break the channel pattern since last few trading sessions. If two green candles get form above channel then prices will move on for 468.
2. Fibonacci retracement on 1 day chart shows the expected 0.38% retracement point at 466.
3. Also Trade base fibonacci extension shows 0.61% up move at 466.
4. By taking cognizance of all the three factors, I feel Axis bank's TP should be 466.
2. Fibonacci retracement on 1 day chart shows the expected 0.38% retracement point at 466.
3. Also Trade base fibonacci extension shows 0.61% up move at 466.
4. By taking cognizance of all the three factors, I feel Axis bank's TP should be 466.
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