Note: This is for educational purpose only.
There seems to be bullish bounce back from 50 EMA (acting as dynamic support), 61.8% Fibonacci level and last swing low with good volume. Similar pattern can be seen in RSI as well.
Stock has been trading in a bullish triangle pattern over the last few trading sessions and has finally given a breakout on Friday along with a positive MACD crossover
A decisive break above 755 will take the stock towards 770/785/800 in the coming days as long as 735 is held on closing basis.
All ideas shared are for educational purposes.
short side target below PRZ and if find reversal der go long from der
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Buy on 5 min candle close abv. 788.10 for target of 850 and 950. SL will be 760.
2 long wicks have formed on 15 min chart. Volume on the candle suggests change from weak to strong hands.
Disc : it's not an investment advice to buy or sell
Hey Guys You Can Try to Take Advantage Of My Analysis For AxisBAnk Intraday 15Mins Chart With Simple Price Action For 18 Feb 2021,If Take Trade Based On my analsis Please Let Me know That Will Make Me Happy :)
Axis Bank was in my watchlist for today I was waiting for it to break the pattern and i did not Enter right after the Break out i waited for it to form a structure then entered the trade and made Good Profit.... Thats the reason i keep telling not to take positions right after the breakout... :D
we have two confirmation for bullish view
1) Upward channel
2) Triangle flag pattern
If it sustain on 762 level, it may hit 785-90 level.
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Educational Purpose Only.