AXISBANK AXISBANK1! 
BANKNIFTY STOCKDISCLAIMER: DO NOT CONSIDER THIS ANALYSIS AS AN INVESTMENT OR FINANCIAL ADVICE.THIS ANALYSIS IS MADE FOR EDUCATIONAL PURPOSE ONLY.
The Current pattern of Axis Bank is looking slightly bearish for few session as it is making a Descending Triangle pattern, If it breakdown this pattern then it might give some bearish movement.
On the other hand if it breaks down then it has important support and if it took support then it give us a probable ascending triangle pattern and breakout from which will provide us a bullish momentum.
The probability of ascending triangle pattern being made is dependent upon the breakdown from it current bearish pattern that is "Descending Pattern".
I have also marked Important Targets / Profit booking Areas for both bullish and bearish sides.
All the levels and analysis are base upon probable calculation.
I will be Updating these levels if required in the MINDS section so do subscribe to get notified of any important updates.
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Note
1st long target achievedNote
If you what to learn how i plot these yearly levels then drop a comment.Soon I will be conducting a Stream on trading view in which i will tell how i plot these levels for Nifty 50 , Fin Nifty, Banknifty and major stocks like reliance.
Drop a comment to know more about it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.