Axis Bank Finally Breaks Above Downward Trend Line for BSE:AXISBANK by NeeteshJain

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Long

AXIS BANK LTD. (BSE:AXISBANK)

BSE:AXISBANK AXIS BANK LTD.

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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

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Long term trend line support broken by axis

Thanks a lot sir

Nice Call Neetesh!

Neetesh bhai...how did u reach target of 474 ....I am not able to get the fib

simple analysis but very effective

rupambose32

@rupambose32, 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

ymaheshreddy4u

@ymaheshreddy4u, Yes, rightly said. Regards

oblged.Thanks for timely alert

DebuRoy

@DebuRoy, Welcome, I wish it adds value to your trading experience. Regards