AXISBANK trade ideas
735 intraday opportunity of buy and sellSell at 683.95 as previous day low breakout for micro target 1
and buy opportunity near 680.5 for another micro target
bot setup requires SL compulsory.
both setup are needed background market support.
Axis Bank Long1) Weekly Fib Golden Ratio
2) Monthly and Weekly support
3) Divergence (RSI + MACD)
4) Price action
5) Bullish Gap filled -w/ candle body
SL -635 Weekly CLBS
Axis BankSupport lines marked in Yellow.
Current CMP level tested a few times, so need to see if it breaks or withstands the pressure to rise upwards.
It is also in a downwards channel and at the bottom of the channel.. Mostly it should rise...
BUY AXIS BANK BULLISH GARTLEY BUT BEYOND PRZBUY AXIS BANK 728 SL 714 TARGET 755/765/775
CMP 727.45
DATE 22-7-2019
CHART BY VIJAY GOSWAMI
527 SAN; Does the spiral wave enhance for longEnd of c wave
731 to 735 and then 744 for intraday
Sl own
Disclaimer:
Please consult with your financial adviser before making any trading or investment decision. Set-up provided here is for informational and educational purposes only.
This is not a sell or buy recommendation. We are not responsible for any gain or loss; Consult your financial advisor before your execution of trade.
There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on Static ANalysis (SAN). Many times scenarios does not arise for good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) are required for your entries and exists Always run with SL. WavoZen aims for microtrading, unless specified. Wavozen1 aims to publish real-time entries and exits.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on SAN for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on Real-time Analysis (RT)/ Dynamic ANalysis (DAN) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, Gap-up opening, gap-down opening, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. If there is a deviation in assumed scenario in time, speed and angle and these deviations will not encourages for entry as referred as entry not valid (ENV). Daily post appears on stocktwits.WavoZen. Abbreviations: PT1: Profit taking point 1; PT2 =profit taking point 2; SL: Stoploss point. ENT: Entry not Triggered; ENV: Entry not valid. Weekly Review : WR;
