-Forming HL -If resistance of (208) zone is taken then can see T1(210) and T2(220) /* Please do NOT consider these as trade recommendations. I' am an amateur and posting these charts helps me understand the market better. I' am open for suggestions/advice. */
- Looking positive - Forming HLs - Expecting a short term price to reach 427+
AXISBANK (CMP: 766) Can try to tag the previous peak (776). At which point can face strong resistance. *** All content in the post is for educational purposes. Not advice. ***
-The last candle for the was day is a hammer. So, a little up move is definitely possible in the next session, but will have to settle down to 211 or lower. It is still correcting.
-Expecting a correction by day end tomorrow (29-Apr-2021) -RSI indicates it's in (overbought)
-The last session resulted in high-wave/doji candle -Expect it to follow either path P1 (indicated by orange) or path P2 (indicated by blue curve) -Tagging the monthly trend line would be more healthier for a solid up-move
Is that an impulse? If yes, then expect a follow through to 550.
-Expecting a healthy correction till 550 before it can resume it's previous up-trend /* Please do NOT consider these as trade recommendations. I' am an amateur and posting these charts helps me understand the market better. I' am open for suggestions/advice. */
-Expecting a target of 210 in the short term /* Please do NOT consider these as trade recommendations. I' am an amateur and posting these charts helps me understand the market better. I' am open for suggestions/advice. */
-Still correcting -Expecting it to tag the monthly trend before it can change it's direction -It can continue it's journey within the box (indicated by the black lines) as well /* Please do NOT consider these as trade recommendations. I' am an amateur and posting these charts helps me understand the market better. I' am open for suggestions/advice. */
Observations: -Wave 1 of higher degree has corrected to a little more than 50% -Instrument is making higher lows -Safe entry can be made on a bullish closing above 550 /* Please do NOT consider these as trade recommendations. I' am an amateur and posting these charts helps me understand the market better. I' am open for suggestions/advice. */
Long if we have a closing above 175 on a daily basis. Invalidation: Closing below 175 and if it starts making a sideways pattern.
Looking to enter if there is a short pullback to 290. /* Please do NOT consider these as trade recommendations. I' am an amateur and posting these charts helps me understand the market better. I' am open for suggestions/advice. */
Time to get back to earth perhaps ! /* Please do NOT consider these as trade recommendations. I' am an amateur and posting these charts helps me understand the market better. I' am open for suggestions/advice. */
Expecting a price target of 70+ in the long run /* Please do NOT consider these as trade recommendations. I' am an amateur and posting these charts helps me understand the market better. I' am open for suggestions/advice. */