Classic Elliott Wave pattern Axis Bank
Updated
Have observed a complete Elliott wave bull cycle (1-2-3-4-5)
Stock is ready for bear cycle (A-B-C) from the current levels.
Target 436 on the short side
Time frame for reaching target - Minimum 4 candles max 12 candles (60 to 180 minutes)
If the stock doesn't open gap down - then the opportunity is huge.
This is my first Elliott wave analysis - kindly do not trade on my recommendations as this is only for educational purposes
Stock is ready for bear cycle (A-B-C) from the current levels.
Target 436 on the short side
Time frame for reaching target - Minimum 4 candles max 12 candles (60 to 180 minutes)
If the stock doesn't open gap down - then the opportunity is huge.
This is my first Elliott wave analysis - kindly do not trade on my recommendations as this is only for educational purposes
Trade closed: target reached
Great 25 points movement based on Elliott wave :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.