Axis
AXISBANK++++++++++++++++++++++++IF IT SUSTAIN ABOVE BLUE ZONE GO FOR BUYING SIDE ++++++++++++++OR++++++++++++++
++++++++++++++++++++++++IF IT STAYS BELOW BLUE ZONE GOR SELLING SIDE +++++++++++++++++++++++++++++++++
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS GOOD}---------------------------------
====FOR EDUCATIONAL====
Axis Bank - Potential Bullish ScenarioAxis Bank has been in a clear uptrend for many months. The correction which started in February seems to be over now as the downtrend line has been invalidated. A change in market structure has been observed with the formation of higher high and higher low. RSI has been curving up, supporting the Bullish momentum.
The targets which I am looking at:
Target 1: 772
Target 2: 799
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Banknifty Still in Selling pressure Banknifty still having selling pressure Don't even think to buy any bank nifty future or CE . Even Dont buy bank stocks for now
If the market open flat or small Gap up or Gap down then we can still short it or other bank stocks like axis , icici , kotak bank short
Gap level's indicated by blue lines
Wait for a signal if you are trading on indicators for confirmation
If you take a trade without trade plan or confirmation in any indicator or breaking support you'll definitely occur big loss it's not important small or big loss will be confirm
My view is bearish until a sideways market : Market cannot to uptrend directly from now it should make sideways and uptrend if it want to go uptrend
Tomorrow ill short axis and kotak if icicibank also if it gives only indication to sell