My Analysis | Provide me insights where I am Wrong ? 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.
AXISBANK trade ideas
Axis Bank long -- Strong BullishAxis bank last week has given a breakout and again came for testing the trendline. Today share opens below the major support and the Bulls taken control of their territory and pushed up the price and close above the trendline with high volume. I have given other observations and studies on the chart. kindly refer.
AXIS BANK - Swing Trade SetupHi Traders,
We have spotted a divergence in Axis bank daily chart. Price broke the inner trendline yesterday and price is retesting the trendline. If price close below its confirmed breakout and we can sell till price reach TP 1 or can hold till TP 2, its likely to test the outer trendline.
Happy Trading.....