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alphadecodetrade

My Analysis | Provide me insights where I am Wrong ?

Long
AXIS BANK (NSE:AXISBANK)  
alphadecodetrade Updated   
NSE:AXISBANK   AXIS BANK
Trend Analysis Support and Resistance Supply and Demand AXISBANK nseindia bseindia feedback question beginner priceaction
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trendanalysis supportandresistance supplyanddemand axisbank nseindia bseindia feedback question beginner priceaction
What I have done and What I believe -->

  • I have analyzed this chart on the basis of supply-demand and SR lines.
  • I have used RSI and Parabolic SAR and I am hoping the price will not bounce from the upper level, Because this level of demand served 3-4 as demand level in previous months and most probably it will serve the Demand area Also.

Please tell me where I am wrong and provide me positive feedback.
Trade closed: target reached:
We set up the target at the top zone and it is reached.

We can wait for a breakout of the top supply level and then the top resistance level. Because RSI indicates that Momentum making an ascending triangle and may shoot up. So, the Momentum indicator indicates that We can still buy our long position.

But wait for the Breakout.
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