AbhishekHSinghCMT
Long

Axis Bank- 70 mm movie- Isn't that amazing?

NSE:AXISBANK   AXIS BANK
175 12 2
I still remember my old days when I was kid - watching a movie on a 70mm screen used to elate me & I used to really get excited for the word 70mm- vow. Mumbai guys know Minerva theatre is one such theatre to have 70mm screen.

it was approx 70 points in Axis bank, which was made in a down move (522-525 to 519) then up move from (517-519 to 530-535) & finally again down move from (530-535 to 480-490) zone.

With this down leg is probably done & out.

The fall which was expected from triangle looks to be done at 477 lows where wave-((v)) measures same distance of wave -((i)). We should take all the profits kept of the table & let us wait for another fresh game to be played or let us wait on sidelines.


Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Excellent work once again Abhishekji !! Waiting for market to move and market is always right, but assuming even if bearish trend, would it be possible to expect a 0.23 - 0.38 pullback into 513-545 zone. Your thoughts ?
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Yes. Likely that is the case, it can retrace back in the zone 530 -550 -possible ranges for up move
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ShanTrader PRO AbhishekHSinghCMT
Thank you and wish you and your family a very Happy Diwali !!!!
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Hope so everyone enjoyed the light festival
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Can we go long here?
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Its looking to push up- I am also keen to see the same. Index likely up if holds 8550-8570 zone then It will be on firm foot that up move has started.
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Hi, we will wait for some more time & do not hurry up. Its trading@485.70
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akila AbhishekHSinghCMT
ok Thx
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So, that's why I said -let us not hurry axis trading back again at 475 levels
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akila AbhishekHSinghCMT
Great !! Thx Abhishek...Appreciate the details you post and also the advise ....Much thanks!
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