Buy Axis Bank around 500-503 cmp (501.75) for intraday target 516 + with a small sl at 496. Incase axis bank opens tomorrow below cmo of 501.75 then please avoid the trade.
AXIS BANK Weekly chart looks very strong uptrend..!!
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
Symmetric Triangle on Axis Bank.
NOTE: if RBI policy on positive then go long otherwise false break-out may happen.
Trade
Buy above - 488.50
Target 1 - 491.50
Target 2 - 493.50
Dear Traders,
Descending Triangle formation on 15mins chart in Axis Bank. Most probably to break the bottom of triangle and 50 EMA staying above the price. It seems bearish.
Sell below 494
Target 488
Points Gain - 6
I don't know why this happens, for past two days everything I get is rectangular range (not bullish flags) and it works out quite well. Did that on eurusdfxpair and xauusdpair also worked out superb..Now its turn for Axisbank, lets see what happens and which side its breaking out.
Happy Trading !
