Axis Bank Finally Breaks Above Downward Trend Line

It is been observed on the daily chart that the price action was trading below downward trend line indicated downward trend. Now, It has broken above the downward trendline, indicating a further move up to 23.8 fibs levels.

Target 1: 464

Target 2: 474

Stoploss: 440
Trade closed: target reached: Target 1 reached successfully. Regards
Comment: Closing up to Target 2
Trade closed: target reached: Target 2 reached successfully, Regards


Neetesh did u reach target of 474 ....I am not able to get the fib
+3 Reply
simple analysis but very effective
+1 Reply
NeeteshJain dr_professor_nifty
@dr_professor_nifty, Simplicity is always effective and sophisticated. Thanks for the generous response. Regards
Its great to predict the price movement in advance using technical analysis, thank you
+1 Reply
@maheysh, Yes, rightly said. Regards
oblged.Thanks for timely alert
+1 Reply
@DebuRoy, Welcome, I wish it adds value to your trading experience. Regards
Neetesh Perfect Shot. Bulls Eye
+1 Reply
@ashpats, Thanks, Regards
thank you.. 1st target complete..
+1 Reply
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