AXIS Bank is currently at the resistance of the trend channel.
Expecting a pull back to mean revision
RSI at triple top,
which can also be considered at divergence
as prices have made higher high.
Amid general murky environment for bank stocks, Axis Bank stock has been impressive with 100 % retracement from the lows near 375 / 400 area to the greater resistance zone of 525. SBI and ICICI bank are still scrapping the floor while Axis Bank is so ebullient. But SBI and ICICI has their own problems to deal with because of bureaucratic interference. Their...