Axis Bank Simple Price Action Analysis Bullish

Aug 7, 2023

AXISBANK is in an Uptrend making continuous HHs and HLs in the Candlestick Chart.

With these HH and HL, the price has created two Bullish Patterns in this Chart: A Cup and Handle Pattern which is a Continuation Pattern, and a Right-Angled Descending Broadening Triangle.

We also have a few Trap Zones in this chart; hence my expectation is that the Price of Axis Bank should go up and make another HH.

Looking at a Target of 164 that is approx. 12% Return on Investment.

Aug 31, 2023

Note

Achieved All Time High and the level gave more than 2:1 RR, expecting full target.

Nov 30, 2023

Trade closed: target reached

At last, Target has been achieved