AXISCADES Long term high RR Bet
#axiscades
A very high risk to reward bet.
***LONG TERM***
THEME:
AI, AEROSPACE, IOT, VIRTUAL SPACE,DEFENCE
Started adding from levels of 30 rupees.
Adding more today as breakout seems to be good.
Safe players stay away.
Need to watchout todays closing as well.
Fundamentals are not that great. Just betting money which I can afford to loose.
#vr
AXISCADES trade ideas
The beauty of Falling wedge pattern. Price makes a falling wedge pattern and breaks beautifully. Trend line line running from the top where the price gets rejected on every touch now will become week and gives way for the price to pierce through hopefully.
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Axiscades downtrend Axed on Monthly Downtrend seems to be axed and in the past also it seems to have respected the trend ...
Challenging Ranges -1 : Rs. 220-Rs. 230/- (Wait for it to cross)
Challenging Ranges -1 : Rs. 270-Rs. 280/-
Final Range : Rs. 370-380
Acceptance Range : Rs. 180 if broken then 150
Goodness is the only investment that never fails.
axiscades looks bullish in medium termIn monthly, price took support at long term support , also trend line resistance broken here
in weekly, regular bullish divergence formed here. also price started pushing upper BB upwards with high volume
with a sl - 133, 1st tgt - 193, 2nd tgt - 240 3rd tgt - 300
Axixcades:163. descending triangle broken, target 80 and 40onRequest
@meqazi
The demand line of the descending triangle is broken. Descending triangle is also a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend like this one, but they are typically continuation patterns. Regardless of where they form, descending triangles are bearish patterns that indicate distribution.i expect the price to come down near40 level.