Trade ideas
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 .






















