AXIS BANK BREAKOUT - Short term view

Axis bank has been consolidating in a range for few weeks for now. Now it has closed above the important resistance of 990 which was formed in the week of July and also in the daily time frame it has broken out and retested the support the expanding channel pattern. Axis bank can give a quick move of 30 - 35 pips in the upcoming week. The view becomes invalid if there is a weekly close below 990 in the upcoming week.