AXISBANK breaking parallel channel with good volume #target can be 1200 EDUCATIONAL IDEA
Triangle🔺 break out if sustainable then my first target🎯🚀 is 1200
Ascending and descending channels are also called trend channels because the price is moving more dominantly in one direction. This may be referred to as having bearish or bullish movement, as an ascending channel may be indicative of future new highs while a descending channel may be indicative of future new lows NSE:AXISBANK
Reasons for long 1. BN looking bullish 2. Price reacting from a weekly demand zone 3. In daily chart price made a "W" pattern 4. In daily chart price reacting from a daily demand zone
IF the shwoed it's move tommoew so as the axis , so as the whole banking stocks ... Favored foom the news RSI si under 45 too, amd still prettymuch away from it's resistence!
Axis Bank is forming lower highs and lower lows pattern and looking a good sell candidate around 1125 - 1130 for the targets of 1045 and below marked levels on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Structure Reading of Strong stocks. How to read similar strong stocks but different structure.
Axisbank is reversing from long support line. Good for short swing trade. Target will be previous high
What's cooking in the stock Increasing score Support at pH Within a small range Be aware of shunting in case it crosses below the IC
What's cooking in the stock Increasing score Support at pH Within a small range Be aware of shunting in case it crosses below the IC
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
When ever price come to trend line it create a bearish candle and push down . And it respect now 1050 level . Which is a support level. If tomorrow break this level then we can see a good fall . Other wish if it break the trendline don't take trade aggressively . it may consolidate. If you find any bullish candle at support level the you take a position of...
buying bank stocks for the coming week doesnt seem like a bad idea, especilly when the output is 13%
Sell Price above 1122 Stop 1153.80 Target 1043.15 Just for Educational Purposes not a recommendation/suggestion Maybe try Paper trade
A Higher High Higher Low structure on price action is considered as an uptrend. - In the Monthly chart, identify the first break of Higher High after a Lower High. - Wait for Higher High retest and enter somewhere close to it. - Cannot expect a stock to test the exact same value. - Set SL as previous HL or in cases where there are other lows close by, choose the...
entry: 870 target: 960 stoploss: 842 . . . more probability for bullish.. reload chart for clear view an hour ago . use desktop site. rest chart size for clear view . first use " + " in the chart, for zoom.. next rest chart for better view