Stock might head higher towards 770/785/800NSE:AXISBANK
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.
AXISBANK
Axis Intraday analysis Entry : 744.50
Stop Loss : 740
Target : 749 / 753.5
The analysis is based on simple price action only. Entry point given are valid if the resistance / support breaks convincingly. For that learning candlestick psychology is a must one.
Note : Don't jump in to the trade once market reach the entry level, most of the time will get better entry and that gives better reward.
Any doubts, make a comment or text me privately :)
Axis Bank - Disjoint Channel patternPrice forming a disjoint channel pattern and trading near the strong support level. Risk takers can enter the market long with tight stop loss below the support level with buffer.
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