FMSmo

Analysis on Axis Bank (short)

Short
NSE:AXISBANK   AXIS BANK
Wolfe wave analysis - Bearish wave
if candle close above 810, then the pattern fail.
risk to reward favour short, clean sell setup with strict stop loss
Apart from Wolfe bearish wave, I can find out completion of Elliott impulse wave 5 (last bullish wave) I expect Elliott corrective wave occur soon in the ABC pattern

will enter short with confirmation - 30mins candle close in red
Comment: Entered short
Comment: 782 - 740 42pts till now
Trade active: 725 swing trader can book here, if candle close below 715 then go for 680

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