Axis Bank Bear Pennant Breakdown and TargetsAxis Bank has formed a Bearish pattern after a selloff from 533 to 525.
Stock is on the verge of Breakdown. Currently trading at 442 levels which is very important to hold.
Target if Pattern works are 425, 415 and 404.
Pattern invalid if daily closes above 455 levels.
AXISBANK trade ideas
elliott wave analysis of Axis BankDISCLAIMER: There is no guarantee of profits or no exceptions from losses.
The technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
Axis bank Elliott wave analysis 2020 : One time opportunity Stock is in clear bearish trend. Right now we are at the end of 4th correction wave followed by 5th wave.
If we consider global economy than we have us election on 4th November 2020. The result of this election will decide tone of current geopolitics risks for next 5 years specially us china. Before 2025 china has its own agenda "the vision 2025" which is the core reason behind US China India issue we knows as tiktok, pubg ban.
The 5G : who will lead the world in 5g US or China. With whom will India build its 5G infrastructure US or china. this is the core concern of current us, china, India political drama
Which bank will provide investment for that infrastructure for business
Due to corona virus depression banks are already in loss. we can expect unprecedented loan default this year. Legendary investor Warren Buffett is already getting out of banks stocks which he bought in 2007 financial crisis which triggered global recession obviously it came later in India too. He has sold all of his goldman sachs.
At the end of 5th wave we will have once in a life time opportunity to buy this stocks but it will take years to recover only patience investor will make money
Buy low Sell High : Indian stock markets Elliott wave analysis
AXIS BANK : 31 AUG 20 :WHAT ARE THE OPPORTUNITIES HERE?
SEE ALL MY PUBLICATIONS, IF IT SEEMS TO BE THE PROFIT RAINING THEN ONLY LIKE AND SHARE WITH YOUR NEAR AND DEARS.
1. DAILY HIGH IS AT UPPER B BAND.
2. BEAUTIFUL RECTANGLE FORMATION.
3. HIGH VOLATILITY IN LAST TRADING DAY.
4. 513 IS THE MAIN RESISTANCE AREA FOR DAILY CHART.
5. SELL BELOW 503 IS A JACKPOT.
MY SINCERE THANKS TO MY GURUS TRADING PANTHULU AND NAYAN POKARKAR