Axis Bank Finally Breaks Above Downward Trend Line Long

AXIS BANK LTD.BSE

Description

⋅ Dec 14, 2016 4:03 AM

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

⋅ Dec 14, 2016 6:01 AM

Target 1 reached successfully. Regards

Comment

⋅ Dec 14, 2016 8:42 AM

Closing up to Target 2

Trade closed: target reached

⋅ Dec 15, 2016 5:42 AM

Target 2 reached successfully, Regards

Comments

udaya.gujaran

⋅ Dec 15, 2016 4:53 AM

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

UnknownUnicorn646072

⋅ Dec 14, 2016 7:11 AM

simple analysis but very effective

NeeteshJain

⋅ Dec 14, 2016 9:21 AM

@rupambose32, Simplicity is always effective and sophisticated. Thanks for the generous response. Regards

maheysh

⋅ Dec 14, 2016 6:50 AM

Its great to predict the price movement in advance using technical analysis, thank you

NeeteshJain

⋅ Dec 14, 2016 9:20 AM

@ymaheshreddy4u, Yes, rightly said. Regards

DebuRoy

⋅ Dec 14, 2016 6:20 AM

oblged.Thanks for timely alert

NeeteshJain

⋅ Dec 14, 2016 9:20 AM

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

ashpats

⋅ Dec 14, 2016 6:03 AM

Neetesh Perfect Shot. Bulls Eye

NeeteshJain

⋅ Dec 14, 2016 9:20 AM

@ashpats, Thanks, Regards

bakibilla

⋅ Dec 14, 2016 5:58 AM

thank you.. 1st target complete..