DSKF16
Long

Can Triangle Break-OUT Clear NOISE in AXISBANK?

NSE:AXISBANK   AXIS BANK
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3
Can Triangle Break-OUT Clear NOISE in AXISBANK?
Much NOISE in AXISBANK , ATR(14) increased in Renko Chart
Price (@ 510.45) Closed Above 20SMA => 509.155 & 50SMA => 507.261
In ICHIMOKU: Tenkan-Sen (511.675), Kijun-Sen (506.025) Bullish Crossover.
Bounced from 507.5 Near CLOUD Lead 2 Band (507.8).
Made a HIGH (514.3) Above Cloud Lead1(512.55)

Technical Parameters: RSI (51.66) => Crossed 50 from Below, BB% (3.54%) much Low ( i.e.Narrow BB) & others also trends in favour of Bulls .

For Swing Trade=> Res.: @ 512.6, @ 515.2, @ 518.35-519.2 (HZ), @ 521.45, Sup.: 507.2, @ 506.1-505.2( BZ ), 503
For Short Term Trade=> RES.: @ 527, @ 529.9-531.7 (HZ), @ 536.8+, SUP.: @ 500.4, @ 495.4 (Strong), Weak Below @491 (By Closing)

More plotted in Chart.

BEST LONG: @ 508.1

PS: If you like Ideas/Analysis, please Like/Share & keep motivated.
Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.

Trade active: AXISBANK: LTP @ 524.9
Achieved all Swing Trade Levels.
Made a HIGH 525.35 near SShort term level #1 @ 527

Comments

I am long today 520CE, any targets in tomorrow's session
Reply
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