Weekly & in Daily TF Axis Bank Seems like Inverse Head & Shoulder (Bullish) Pattern 1.Inverse Head& Shoulders Pattern 2.Making Higher highs in Day Frame 3. Took Recent Support Exactly at Zone Where left Shoulder took Support 4. We can expect Tgt Around 920 *Always Enter With good confirmation & Maintain proper Risk Reward. ******* Knowledge Purpose only...
Axis bank good stock to buy Can go till 760/- NSE:AXISBANK
CHANNEL BREAKOUT ==> AXIS BANK BUY ABOVE 750 TARGET 1 => 759.50, TARGET 2 => 765.50... SL => 746.80
Axis Bank (NSE Cash) Daily Charts (Medium to Long Term) The candles have broken the trendline on 16th March 21. RSI too broke the 50 level but I wouldn't panic as yet because the RSI is showing a reversal. This means that Axis Bank may have corrected itself but it isn't weak on daily charts. There has been a lot of selling as well so we might see a bounce back...
Axis Bank - CMP 736 Stop below 728 Target 750 & 758 Cup and Handle pattern made in RSI
Axis Bank is in a strong resistance zone. Although it is in a strong uptrend, I will wait until breaks and sustains above the resistance zone. (Price Range: 711 - 764)
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.
axis bank break the trend its rally up to 606
Note: This is for educational purpose only. There seems to be a Inverse Head & Shoulders bullish breakout with good volume. Volume is higher that last ~30 days. There seems to be a RSI bullish breakout as well. RSI at 69 indicates bullish momentum. Buy now or in dips till 640₹ SL = 610₹
Note: This is for educational purpose only. There seems to be a bullish Inverse Head & Shoulders pattern. Moreover, RSI above 60 indicates bullish momentum.
Once again the price is trading near the support area of the channel which is considered as a good buy. If one is entering the market long at the support can aim for the channel top as the target which is almost 100 points AS you see the previous history of the pattern price exactly took support at the channel bottom and rejected at the channel top. Instead of...