I analysed this stock on wave counts based on a request from my friend. As per my wave counts this stock seems to be bottomed out at 83. Apart from wave counts, nice price action candles makes this stock a good investment candidate. A nice bullish DOJI followed by two bullish candles, all with high volumes in the weekly chart along with rsi divergence should...
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.
NSE:NIFTY Immediate support zone@ 11110-11140
Immediate resistance zone @ 11700-11720
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As this post is merely for educational purpose, let the stock remain anonymous for the time being. The analysis would not only be applicable to long term charts but also to smaller time frames.
I have found two important phases of Panic Sell-off in a bear market. One in the beginning and one in the end. The former phase is good for sellers and the latter is good...