Axis Bank provides an opportunity for entry on its earnings day

NSE symbol: AXISBANK

1.      A large White Marubozu candle today which has eaten the yesterday’s large Black Marubozu candle completely. This two-day pattern is Bullish Engulfing and is highly bullish.

2.      Prices around 640 were earlier resistance and thus once broken are now serving as support of which an attempt was made yesterday to break.

Stop: One tick below lowest of the last two trading days i.e. 0.05 below 616 thus at 615.95

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