nalinakshi

Axis bank will it hold 500 ? opinion please.

NSE:AXISBANK   AXIS BANK
39 3 2
axis bank is athe lstlart of this monthly range, it attempted to break 2 times this month , now it has come back, if all of you come forward with your opinion , everyone will get edge to trade.
Comment: daily 200 day moving average support is at 498.8
If you see the chart below, i have drawn the current fibb extension.if the price closes below the 38.2% fibb retracement level on a daily basis, it might retest the upward trend line or the base of the cloud.similarly a break above 535 on a closing basis might take it to 559 &592
Reply
nalinakshi stocksinboxx
@stocksinboxx, thanks for your different view, and explanation. cloud analysis i have never done, can you please elaborate
Reply
stocksinboxx nalinakshi
@nalinakshi, when the price is above the cloud( daily time frame ) it is supposed to be in an uptrend. the base of the cloud acts as support.similarly when the price is below the cloud it is supposed to be in a down trend & the top of the cloud acts as resistance. when the price is in between the cloud, it is in a no trade zone ( indecision....change of trend etc ).This is just the basic concept. But there are other components with this cloud like tenkensen, kijun & chikoo span which i have deleted to make it less complicated :-)
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out