Axis Bank, at Break or Make point. It is exactly at a support, which holds this script for Twelve long years. We can expect a 35% return in this script.
i.e a Target of 920-935.
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Disclaimer - I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only
AXiIS bank showing failed inverted head and shoulder pattern.this neckline
resistance was attempted to be broken in 2019 and two times in 2021 but failed
daily momentum is in bear zones and weekly and monthly momentum also has gone sideways.
trend indicators are bearish on all timeframes
A trade opportunity exit with initial target till next swing low and stop...
AXIS BANK: Looking at it through curved trendline, It seems to be at a crucial support an has the chances of rebounding for nearly around 4 -5% of return. Another confirmation would be 0.786 Retracement level of the previous trend. And after so huge fall expectation of a dead cat bounce is not at all superficial. The dual confirmation of curve Trendline and...
STOCK MARKET MYTHS -
There are many misconceptions people have about how stock market works and how it actually works. In this series we burst these myths or clear misconceptions so people can make wiser decisions in trading/investing.
Myth Number 1- A stock will go up after good result.
Reality - A stock may fall big even after very good results. Taking...
Axis Bank Analysis -
1. Major Support =1st - 700, 2nd - 630.
Major Resistance - 800.
2. Past Trend - Was in Uptrend and broke major resistance 800, failed to sustain above it.
3. Current momentum - In down, even after such a big fall from 867 to 714 the bounce was very weak from 714, failed to test even 50% to 800.
4. Overall market - Correction is going...
Axis Bank has been consolidatiing inside a channel pattern for the past three months....and it is ready a break a inverted head and shoulder pattern in its monthly time frame. We can expert a movement of atleast 15 to 20% in the short term.one can enter after a bullish candle at the bottom of the channel pattern or could wait for the channel pattern. Make sure you...
NIFTY 50 EOD ANALYSIS 27-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
The Insights & Observations section carries links to my tweets that were posted during the day...