#AXISBANK Upward movement potential RISk:REWARD =2.09#AXISBANK Upward movement potential with risk: reward ratio 2.09.
BUY at 861 with SL 839 and Target is 904
Hey Traders,
HOPE our analysis is adding value to your Stock market trading Journey.
If yes, Hit like button or boost our ideas. Thank you.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Trade ideas
Evening StarAn evening star is a candlestick pattern used by technical analysts to predict future price reversals to the downside.
Although it is rare, the evening star pattern is considered by traders to be a reliable technical indicator.
The evening star is the opposite of the morning star pattern. The two are bearish and bullish indicators, respectively.
Script = Axis bank
Time Frame = 15 min
Ascending Channel An ascending channel is used in technical analysis to show an uptrend in a security’s price.
It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively.
Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
Script = Axis bank
Time Frame = 15 min
AXISBANK✅ Price respecting 812-851 Level for long time and now price cone to zone.
✅ On reversal you can look for Long.
✅ But on 1hr. time frame price will respect 904-916 level and this level it act as continuation level.
✅ If price don't hold 812 level then you can look for short on retest with reversal.
Bullish HaramiA bullish harami is a candlestick chart indicator used for spotting reversals in a bear trend.
It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days.
Script = Axis Bank
Time Frame = 15 min
Axis Bank monthAgain publishing my 8 month old chart in monthly time frame just to show how precisely price follows the pattern , but the most important is price relation with time, is it Hindenburg or time, if price is destined to fall, a trend line got confirmed in June'2019, resists the rocket movement of BN in Jan'23, even after a big fall still trying to honor below trend line,






















