Axis bank has historically using inclining trend line as a support
every consolidation period has been using a declining trend line support as can be seen on 1,2 & 3 scenarios
also RSI divergence is found in 1&2
this could repeat the same and head for a new all time high as it has done previously.
Axis bank Future chart under formation of Cup and Handle pattern. Reversal candle yet to form for the top confirmation. Handle formation is also pending.
NSE:AXISBANK1!
completed shark harmonic pattern
buy above only 846 add more 824 closing sl 814 below target will 884-895-907
then this is area to check 5-0 harmonic pattern conditions
if reversal candle ,sign, seen in this area then will retest for double bottom (820-817)
if no reversal sign seen on this area and show strength with marubozu or gap up then next...
Axis Bank has Seen fresh breakout of Consolidation I am Buying Axis bank Future August around CMP 742 with Stoploss of 729 And Targets Expected are 772
Reason To Buy Axis bank:
# Ascending Triangle Pattern Breakout
# Bank Sector & Pvt Banking Looking Bullish
# Stock Trading above 20,50,100,200 EMA
