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Axis Bank stock technical analysisIdea: I am bullish on Axis Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 990. I am looking for the stock to reach a target of 1050 in the next 2-4 weeks. Entry: I would enter a long position on Axis Bank above 990. I would use a stop loss of 985. Target: My target for the trade is 1050. I would exit the trade if the stock closes below 985. Risk: The risk on this trade is 50 points, or 5% of the stock's current price. Notes: This is just a trading idea and not financial advice. Here are some additional factors to consider when trading Axis Bank: The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for Axis Bank to break out of its current trend. The news flow. Any negative news about Axis Bank or the banking sector could weigh on the stock price. Please do your own research before making any investment decisions.
NSE:AXISBANKLong
by TRADING-NASA
BTCUSDT ( Bitcoin ) Coin Analysis 29/09/2021Fundamental analysis: it is very obvious that the asset is at distribution phase on its bearish trend, though many countries are accepting it as a legal tender but there are many more reasons that the coin is on its way to the lower levels of its past appreciation and we can have one more glimpse of this asset on its very undervalued levels before the reaccumulation phase starts. soon we can hear more negative news which may mislead us that it is falling due to some silly reasons but it is nothing than the simple supply and demand and outdate of the technology. from other side we can see bitcoin is loosing its Dominance and it can be interpreted as the fund diversification to the AltCoins. we shall observe some diversion and correlation coefficient change of BTC and other altcoins specially DEFI segment and other powerful blockchains. but we believe Bitcoin will survive this bearish trend also and live to see the higher levels such as 85000$ or even 107000$ Technical Analysis: the Asset seems to be not able to break the 23.6 FIB Retracement which is followed by an engulfing candle pattern and it can be a good sign of retracement reversal towards the lower levels such as 78.6% (17000USD) of the main bullish wave with top of 64850 USD. with Bearish Bias we can have the C leg of the ABC chart pattern which is the correction of the main Elliot wave count. we count 17000$ and lower to be the best undervalued prices to Purchase and accumulate the Asset. there exist a very powerful resistance area from 55000$ to 58000$ as this zone has confluences with Main distribution and bearish 78.6% Fib Retracement of the bearish wave. there exist a very very strong support area between 9000$ to 15000$
by BitonGroup
4
BTCUSD Bitcoin possible Elliott wave countsHello Friends, Here we had shared possible Elliott wave counts on 4 hourly chart of crypto currency BTCUSD Bitcoin, in which we can see that we are in impulse phase of waves in some degree and we had completed wave 1 & 2, and now possibly we are in wave 3, in which wave (i) of 3 has completed and now possibly we are at the verge of completion of wave (ii), we can assume up directions ahead as a wave (iii) of 3, post completion of wave (ii), Overall looks bullish ahead with invalidation level of 24756. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Thanks RK💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:BTCUSDLong
by RK_Chaarts
1
SOL / USDT WILL TOUCH HIGH ?Solana, SOL could hit $6.59 in 2023 Solana’s price prediction for the most bearish scenario will value SOL at $16.03 in 2023 Solana’s previous All Time High was on 7th November 2021 where SOL was priced at $259.96 Solana’s price at the same time last week was $20.57. It has moved by -3.91% in the past week and is currently at $20.04. Infact, in the past 24 hours, SOL has dumped by -7.04%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and SOL could hit $39.14 in 2024. The total circulating supply of Solana as of writing this article was $397607780.16 and the marketcap of SOL remains at $7,970,200,997.
Long
by tradewith_ritik
PEPE PRICE PREDICTION ( PEPE’s price has dumped by -0.48% ) (PEPE’s price has dumped by -0.48% in the last 24 hours) 1) Pepe’s price at the same time last week was $0.0000019. It has moved by -16.36% in the past week and is currently at $0.0000016. Infact, in the past 24 hours, PEPE has dumped by -0.48%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and PEPE could hit $0.0000034 in 2024. 2) The total circulating supply of Pepe as of writing this article was $420,690,000,000,000 and the market cap of PEPE remains at $706,349,755. 3) Pepe has had an eventful 2021. To simplify the latest PEPE price prediction, we have divided up the prediction by short term Pepe price prediction and long term Pepe price prediction. PEPE had a trading volume of $208,215,005. Pepe has gone up by 0% in the past 30 days. 4) According to our analysis in the short term, Pepe price prediction for July 2023 shows the average price of PEPE at $0.0000016 and the highest possible price for July 2023 would be $0.0000023. 5) Further, according to our analysis in the long term, Pepe price prediction for November 2023 shows the average price of PEPE at $0.0000029 and the highest possible price for November 2023 would be $0.0000044.
by tradewith_ritik
The Elliot wave pattern continues? Yes or No? Lets watchin my previous analysis, i have mentioned that BTC is testing important resistance zone. and Yes, BTC was rejected from 30600 levels and now trading around 26500. It was my stop loss point in the analysis. But Now, BTC is looking bullish as pattern in 1 Day chart indicating towards the Elliot Wave Pattern. But also BTC is testing 100 MA support levels in a Day candle. Previously ( Highlighted in Orange circle ) it was tested at 20400 levels and you can see a bullish pump in BTC. are we going to face the same? well, i have feeling that Yes. but there are few conditions; 1) If we see the same pump as per previous time from the 100 MA support line, We are good and BTC can test the levels of 33K to 35K . Its a very strong resistance in terms of volume, as per my VRVP indicator. 2) If we see more downtrend, BTC going to test levels of 23K to 25K . from there we can see a pump in BTC to levels of 30K to 33K . Now, i was following my previous analysis, i have taken Short Position from 30200 levels and closed at 27500. Good Profit. BINANCE:BTCUSDT 😃😝. again, i have taken short position from 28700 and closed at 26200.🤩 Please dont forget to add stoploss in any of your trad. Have a safe trading!!!
by Mr_Mainra