Now every one is talking about this will go down it has closed below some bla bla bla weekly low ,
Wait for daily candle to develop , its not going down , if you are true analyst , your forecast should come at this stage where
its not dropping in panic , its just another day of correction
i am looking this will make one more move up , one can wait for it...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Axis Bank has formed Bullish Bat Harmonic pattern on daily charts which is a sign of reversal. Expect to see upward movement from here as per below price
BUY ABOVE = 740
TARGET = 745 - 750 - 760
SL = 730
Bullish Bat pattern on Daily Chart of Axis Bank. BUY 692-694. Very strong support at 680. If it breaks that important level than it may fall to 660 and then 640 and opposite positions can be initiated accordingly.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s)...