AXIS BANK LTDLong
Not a Text Book H&S, But still a Potential Breakout
1)Formed Head And Shoulder Pattern at Weekly Time Frame, Breakout And Retest Done!
2)In the Daily Time Frame, This script ahs taken a good Support at its bottom Support trend line, With good buying pressure (Strong Buyers), which can be witnessed by the candle it formed on the last trading day (Friday).
Trend Analysis - Respecting its support and Resistance, Currently at its support.
Chart Patterns -
Head And Shoulder in weekly Time frame
Wedge Pattern in daily Time Frame
One can expect this script to fly if it breaks its all time high of 828.
Target 900 and above.
It's Not a call, Do your own Analysis before taking trade.
2)In the Daily Time Frame, This script ahs taken a good Support at its bottom Support trend line, With good buying pressure (Strong Buyers), which can be witnessed by the candle it formed on the last trading day (Friday).
Trend Analysis - Respecting its support and Resistance, Currently at its support.
Chart Patterns -
Head And Shoulder in weekly Time frame
Wedge Pattern in daily Time Frame
One can expect this script to fly if it breaks its all time high of 828.
Target 900 and above.
It's Not a call, Do your own Analysis before taking trade.
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