after touching high of 640 axis bank has been trading side wise.
breaking out of the channel will ensure start of another impulse wave.
the way icici bank and axis banks are rising leaving behind 5 dma it is of course of little bit of concern.
they have to rise at faster pace or their movement may slow down to touch 5 dma.
if both these banks rise at faster rate bank nifty may rise at faster rate too.
don't forget to like my post.
follow me to get updates
breaking out of the channel will ensure start of another impulse wave.
the way icici bank and axis banks are rising leaving behind 5 dma it is of course of little bit of concern.
they have to rise at faster pace or their movement may slow down to touch 5 dma.
if both these banks rise at faster rate bank nifty may rise at faster rate too.
don't forget to like my post.
follow me to get updates
