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Axisbanklong

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.
NSE:AXISBANKLong
by RK_Chaarts
1
AXIS BANK - Inverted Head & ShoulderFacts that Supports upward movement : - i) High Volume and Inverted H& S pattern on verge of breakout ii) Increase in earnings iii) Decrease in Gross & Net NPAs. iv) Target 900-920 suggested by brokerage houses. v) FPI/FII increased holding from 51.02 to 51.43% in March 2021 qtr. vi) Reduction in covid cases and normalisation in situation. Facts against upward movement of price : - i) The lockdown from April onwards may result in less profits for this quarter. ii) Promoters decreased holding from 13.93 to 13.58 % in March 2021 qtr. iii )Mutual Funds decreased holding from 13.93 to 13.58 % in March 2021 qtr. iv) Volume although high is lesser in the right shoulder pattern.
BSE:AXISBANKLong
by Shadab_07
Axisbank Axisbank looking in Bullish impulse started One can go Long now or in dips with stoploss of 704 All the key levels are mentioned in chart with Stop-loss and Targets. Head and Shoulder Pattern Neckline Breakout Impulse Started Macd in daily time frame positive and Uptick Macd in hourly time frame positive and Uptick Rsi in daily at 59 along with Uptick Rsi in hourly above 60 Upper Bollinger Challenged in Hourly DMI and adx positive attitude Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
NSE:AXISBANKLong
by RK_Chaarts