AXISBANK trade ideas
Axis bank Elliott wave analysis 2020 : One time opportunity Stock is in clear bearish trend. Right now we are at the end of 4th correction wave followed by 5th wave.
If we consider global economy than we have us election on 4th November 2020. The result of this election will decide tone of current geopolitics risks for next 5 years specially us china. Before 2025 china has its own agenda "the vision 2025" which is the core reason behind US China India issue we knows as tiktok, pubg ban.
The 5G : who will lead the world in 5g US or China. With whom will India build its 5G infrastructure US or china. this is the core concern of current us, china, India political drama
Which bank will provide investment for that infrastructure for business
Due to corona virus depression banks are already in loss. we can expect unprecedented loan default this year. Legendary investor Warren Buffett is already getting out of banks stocks which he bought in 2007 financial crisis which triggered global recession obviously it came later in India too. He has sold all of his goldman sachs.
At the end of 5th wave we will have once in a life time opportunity to buy this stocks but it will take years to recover only patience investor will make money
Buy low Sell High : Indian stock markets Elliott wave analysis
AXIS BANK : 31 AUG 20 :WHAT ARE THE OPPORTUNITIES HERE?
SEE ALL MY PUBLICATIONS, IF IT SEEMS TO BE THE PROFIT RAINING THEN ONLY LIKE AND SHARE WITH YOUR NEAR AND DEARS.
1. DAILY HIGH IS AT UPPER B BAND.
2. BEAUTIFUL RECTANGLE FORMATION.
3. HIGH VOLATILITY IN LAST TRADING DAY.
4. 513 IS THE MAIN RESISTANCE AREA FOR DAILY CHART.
5. SELL BELOW 503 IS A JACKPOT.
MY SINCERE THANKS TO MY GURUS TRADING PANTHULU AND NAYAN POKARKAR
AXISBANKNSE:AXISBANK
PLEASE DONT MIND THE UNRULY CHART SHARED IN MORNING, ITS THE MOBILE GOOFUP
THIS ONE IS GOOD TO ENTER ON ANY DIPS WITH 485 BEING THE CRUCIAL LEVELS AS STOP LOSS
IF IT HOLD 485, THE UPSIDE IS GOOD AND CAN GIVE A GREAT MOVE
*********************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************