can it find support here... can it bounce here lets see... pure price action
BULLISH BAT Price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL BUY
AXIS Bank forming cypher pattern....confirmation is awaited.... Once this stock will move above 435...it will enter in channels (accumulation) and will move towards 460 zone.... Lets see how stock behave within these 2-3 days But long above 435 only....
AXIS BANK TOUCHED DEMAND ZONE TODAY DYNAMIC SUPPORT LINE MAY RETRACE
FORMING ASCENDING TRIANGLE PATTERN BULLISH SIGNAL
Multiple harmonics pattern converging in the same range. Short in the range 490 - 495 SL 507 Potential Target 480,473,467 Highest OI at this moment on upside is 500 CE followed by 480 CE Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
short f it breaks the trendline with confirmations
AXIS: * In process of wave ((4)). * Could be a triangle or flat correction. It may retest 350 if it is flat correction. It will be in range bound of 400-480 if it is a Triangle. * Buy Happens only above 480. Above 480 we may see the range of 560-590. Below 400 we may see 330 and even more.
Market Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but...
Axis bank coming week chart analysis go for long
As per my analysis, it is clear that buying options are available once the price crosses 485 i.e breakout If a breakdown happens, One can short at below 440 and can keep the target as 420. Please provide your valuable inputs on this... Which helps me correct my perspective if needed. Note: This is not a call.. Just for educational purpose.
Will there be a break out on July 20th. ?
for target of 480-490 stoploss will be 400 on closing basis
Axis bank has left its resistance zone and closed above the trend line. Shortes tried to drag it down but Bulls gave all the push and took it all the way on 22nd July. Volume suggests that bull run for this stock has started and there will be a rally above 586. Buy this on 23rd July for intraday. Hold and go long if ends above 586.