📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: AXISBANK
🔍 Description: Stock has formed Inverted Hut pattern and now prices are moving in a Rising Channel.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
AXB trade ideas
BREAKOUT, AXIS BANK, 80% RETURNS!!!BUY - AXIS BANK
CMP - Rs. 980
Target - 1: Rs. 1290
Target - 2: Rs. 1550
Target - 3: Rs. 1775
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Timeframe - 3 months - 1.5 years
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Technicals - Ascending Channel Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Axis bankPrice is consolidating and has formed a descending triangle.
Pattern : Triangle
Range : Medium
Trend strength : Normal
Buy Above : 985.(In case if the price take support at the triangle base).
Stop Loss : 980.
Targets : 990, 995 and 1000.
Sell below : 978.
Stop Loss : 983
Targets : 973, 969 and 964.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
AXIS BANK BREAKOUT - Short term viewAxis bank has been consolidating in a range for few weeks for now. Now it has closed above the important resistance of 990 which was formed in the week of July and also in the daily time frame it has broken out and retested the support the expanding channel pattern. Axis bank can give a quick move of 30 - 35 pips in the upcoming week. The view becomes invalid if there is a weekly close below 990 in the upcoming week .