October, the lost month for Nifty (market analysis with levels)My analysis of Nifty, Banknifty and top stocks. Based on how the market has done EOD on October close, looks like October's gains (which was one of the top gainers so far) have been erased almost completely for Nifty, whereas Banknifty still stands relatively taller.
AXISBANK
Axis Bank Buy Opportunity _H&S Pattern_Hourly CandleAfter Touching Low of 754 Axis Bank showed a very good recovery and Stock is trading at its resistance level.
H&S patten is formed on hourly chart closing above 821 will confirm brekout and one can expect a target of 880 in coming days.
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Axisbank - NEoWaveAxisbank is running for the half yearly corrective WAVE-(B), Inside WAVE-(B) it is forming a zigzag pattern, Wave-A and Wave-B of zigzag pattern is finished. Now it is ready for the Wave-C of zigzag. The minmum target of Wave-C of zigzag will be bear 980, Then it may go for 1150, 1500, 1930 and 2300 respectively in case of extended C Wave. Wave-C will be corrective itself and this all will take time because we are checking half yearly wave chart.
Technical analysis of #AXISBANK for long term investmentHere is my technical analysis of #AXISBANK
▶️long term investments (using monthly charts)
▶️short term investments (using weekly charts)
Indicators :
▶️200 DMA
▶️Bollinger Bands
▶️RSI
For educational purposes only.
#stockstowatch #NSE #investing
Technical analysis of #AXISBANK for short term investmentHere is my technical analysis of #AXISBANK
▶️long term investments (using monthly charts)
▶️short term investments (using weekly charts)
Indicators :
▶️200 DMA
▶️Bollinger Bands
▶️RSI
For educational purposes only.
#stockstowatch #NSE #investing
AxisbankAxisbank completed a nice symmetrical triangle in wave 4 with all clearly visible subwaves as a,b,c,d,e, and breakout along with good intensity of volume has been done, so now we can presume that wave 5 should have started and can head towards 950 plus in medium term, all other parameters are also supporting this view to go long, all the key levels are mentioned on chart along with stoploss and targets.
breakout with good intensity of volume in daily
wave structure and key levels
macd in weekly uptick and above zero line
macd in daily positive crossover with uptick and above zero line
rsi in daily uptick and above 60 levels
upper bollinger challenged in daily
dmi adx positive ungali setup in daily
bullish mood is active as per emas in daily
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing.