IT IS TRADING BETWEEN TREND LINES ONCE UPPER LINE BREACHED ON CLOSING BASIS WITH GOOD VOLUME GO LONG TARGETS FOR LONGS GIVEN
Didn't expect this big move and cross the previous top fractal. Enter at the given level if u get a chance.
Short term down trend on AXIS BANK. AXIX bank trade with short term trend lines. For intraday this right time to sell. NSE:AXISBANK
AS GDP DATA IS NOT GOOD MARKET MIGHT FALL AND SO WILL AXIS BANK TARGET IS GIVEN WITH ARROW AND IT MIGHT TAKE SUPPORT ON LOWER TRENDLINE ON CANDLE CLOSING BASIS NOTE: TRADE AT OWN RISK
After a strong move up expect a retracement to come down and build a support. 730-710 are the key levels which can be tested.
Long Axis Bank For learning join our group : t.me
CURRENTLY MOVING BETWEEN WEDGE PATTERN LET IT BREACH EITHER OF LINES ON CLOSING BASIS BUT EMA 200 IS GOOD SUPPORT AS YOU CAN SEE IT MAY TAKE SUPPORT ON IT
IT IS AT CRITICAL FIBONACCI`S 50 % LEVEL WHICH SHOULD NOT BE BROKEN IF IT BREAKS TARGET FOR SHORTS ARE 702 AND 678 PLUS IT IS MAKING ASCENDING WEDGE PATTERN IT SHOULD CLOSE BELOW LOWER TREND LINE ON CLOSING BASIS OF WEDGE TO CONFIRM DOWNTREND GOOD LUCK NOTE: IT IS MY PERSONAL VIEW NO ADVICE TO ENTER THE STOCK
AXISBANK IS MAKING W PATTERN WHICH IS BULLISH AND THIS PATTERN WILL BE COMPLETED AT 799 LEVEL ALL TARGETS ARE GIVEN 723 IS STOP LOSS
Axis bank is consolidating around 730-734 price levels. Long can be taken around 730 with a stop loss at 695, for the target of 800. Disclaimer- This is my personal view, please consult your financial advisor before investing.
BTST TRADE IN AXIS BANK VIEW :-200-DMA TAKEN OUT :-RISE IN OI+RISE IN PRICE :-RESISTANCE OF 730 TAKEN OUT TRADE IN FUTURES 28TH NOV CONTRACT LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES BUY@731 STOP@721 TARGET 1@741 TARGET 2@751 LOT:1200 QTY:2 PLEASE NOTE: ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM !!PLEASE NOTE TRADE WITH...
Two Bearish Harmonic Patterns in Sight (Bat & Shark). Bad quarterly results might add fuel to the fire.
Axis bank can be looked for support & resistance levels at trend line
Black box is possible prz In cup consolidation I don't trade for bearish bat pattern If you want to play your chances , then here it is your set up