AXIS BANK (Rs 1290) has been moving in a very good up trend but now cracks are developing. 100 Day EMA (figure below) has been providing strong support and acted as an automatic trendline for the stock, currently 100DEMA stands at Rs 1242. Oscillator Study:
14 Week RSI shows weakness in the stock. In previous rally AXIS BANK touched Rs 1287 as high when RSI was 71.24 and now at new high Rs 1396
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