AXISBANK trade ideas
Axis Bank Buy Opportunity _H&S Pattern_Hourly CandleAfter Touching Low of 754 Axis Bank showed a very good recovery and Stock is trading at its resistance level.
H&S patten is formed on hourly chart closing above 821 will confirm brekout and one can expect a target of 880 in coming days.
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Axis Bank :: Weekly Time FrameAxis Bank is forming a beautiful inverted Head & Shoulder Pattern on Weekly TF. If it breaks above 826 then it should lead to around 1000 levels in 2-3 month time frame as per the pattern.
Keep a close eye on this...
Note: This analysis is only for education purpose no recommendation...!!!
Axisbank - NEoWaveAxisbank is running for the half yearly corrective WAVE-(B), Inside WAVE-(B) it is forming a zigzag pattern, Wave-A and Wave-B of zigzag pattern is finished. Now it is ready for the Wave-C of zigzag. The minmum target of Wave-C of zigzag will be bear 980, Then it may go for 1150, 1500, 1930 and 2300 respectively in case of extended C Wave. Wave-C will be corrective itself and this all will take time because we are checking half yearly wave chart.
BREAKOUT (SWING) BASKET IDEAI have created a basket for possibly breakout stocks , Kindly find the names below ,
1. TATA STEEL
2. IGL
3. PFC
4.COAL INDIA
5. NIACL
6. HINDALCO
7. VEDL
8. JSW STEEL
9. AXIS BANK.
Kindly try and make equal investments in all the stocks .
Disclaimer : This is not an investment idea ..Kindly do your own research before putting your heard earn money.
**** This just analysis and conviction ideas.
Thanks & Regards
Sunny