maneeshaggarwal
Short

AXIS BANK SHOWING BEAR FLAG

BSE:AXISBANK   AXIS BANK LTD
39 2 2
FOR EDUCATIONAL PURPOSE

AXIS BANK SHOWING CONSOLIDATION IN THE FORM OF BEAR FLAG AFTER A SIGNIFICANT DOWNTREND. AND UNABLE CLOSE ABOVE THIS FLAG TO NEGATE THE PREVIOUS DOWNTREND BUT FELT RESISTANCE AT 505 AND DROPPED AND FURTHE IF IT CLOSES BELOW 482 THE A SMALL CORRECTION TO 455-465 MAY HAPPEN.A CLOSE ABOVE 505 A DECENT UPTREND WILL TAKE THIS TO 555-560
Thanks for nice analysis. I do agree with your idea of shorting it however I would not consider it a Bearish Flag pattern. Flag patterns are relatively small pattern the Flag part is usually less than 3 weeks.
Reply
AbhishekHiremath praveen.bhatiya
with a significant increase in volume..this is a channel.and axis facing resistance at the upper bound

Reply
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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