Axis Bank on a strong Trajectory !Axis bank seems to be on good strong trajectory after it has recently filled up the downfall in lesser than the duration of the fall. The recovery not only showed the strength but also builds confidence that the stocks fails to move down even the big red candle with high volume. Stock was able to lift the price beyond it and now is trading in range bound fashion with rising triangle type patter on daily. However the important thing is that we see good volume with price rise and POC being a crucial level which the price tested and respected. Stay tuned to witness the spurt.
AXISBANK trade ideas
ON DAILY CHARTS, AXIS BANK LOOKS LIKE IT MIGHT BREAKOUT ANYTIME THE DARK BLUE LINES ARE TRIANGLE TRENDS, KEEP IN MIND IF IT BREAKS THE DARK BLUE LINE ON UPPER SIDE AND SUSTAINS THEN AXIS WILL RISE VERY FAST. THE RED LINES ARE TARGETS FOR INTRADAY TRADERS WHICH WERE CALCULATED ON 15 MIN TIME FRAME.
FOR A MEDIUM TO LONG TERM TRADER THE TWO TARGETS SHOULD BE 460 AND 485.
HAHAHAHAHA, LET'S GO!! JAI HIND!!
KINDLY DO YOUR OWN ANALYSIS, THE GRAPH LOOKS MESSY.
AXISBANK 15MNBULLISH CRAB for SCALPING
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
ABOVE there is BEARISH DEEP Crab strong PRZ
Earlier the same Pattern given good reaction on Type1 entry
now price when again come into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL from this zone SHORT Opportunities too as BIGGER 4HR Bearish Pattern Is present in this area