buy tgt given,,stop of close of candle below redline
short for wave 5 targets & 1 st target at 367 being major prev support followed by 5th wave target of 282!
Based Dow Theory and Observing Bearish Divergences on Oscillators Entry : 452 Stop : 454
NSE:AXISBANK Axis bank is near an important zone which is 440 which acted as a major resistance during past few weeks, also it is just a few points above 100day EMA, MACD is about to give the negative crossover.
Axis Bank has retraced nearly 35% from bottom with support of the orange line in the chart. T1 - 477 which would act as a resistance. T2 500+
AXISBANK - GO LONG @ 401 WITH A SL OF 399 AND A TARGET OF 415. TARGET SHOULD BE ACHIEVED BY 27 APRIL 2020, 1ST HALF.
f the price breakage this support we can see another breakdown the AXISBANK just the 292.20
hello found head and shoulder pattern in axisbank.
Opportunity -Channel breakout as banking industry is in complete negative sentiment -Along with industry the new of “Frankline Templeton” has make the sentiment more negative. Caution -Could respect the channel very less chances.
Axis bank resistance at 438 Sell at 430 Target - 415 - 400 levels mostly Intraday. close at the end of the day.
Axis bank is a deciplined stock which obeies and respect all chart patterns and elliot wave pattern.this type of stock is good for trading. 5 waves wX,Yx,Z or (12345) COMPLETED and now correction started.wave A COMPLETED AT 325. THIS upward move is flat in nature and wont go more than 506 because the fall is steep. after completing wave B near 506 again it will...
03 April 2020 Trade - Short Axis Bank near 354-362 add 1 more if gets near 368-372 Sl above 380 tgts minimum ist tgt- 339 2nd tgt 323 and final tgt if comes near 302. Trial your sl if once comes to ist tgt. I am not responsible for ur profits or losses. Do proper money management before entering into trade.