AXISBANK trade ideas
AXIS BANK 15MNBearish Crab for SCALPING + Bearish Divergence
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR.
As High volume is present ,shows interest to the upside from “Smart Money” so prices may go higher.
SET UP BECOMES VALID ONLY when RSI comes below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
Potential SELL
AXIS BANK 1HRTwo Strong BEARISH Patterns Gartley & Butterfly Forming Strong POTENTIAL REVERSAL ZONE
Ultra high volume up bars - trap of Smart Money . Professionals have no interest to the upside – low volume. Professionals are selling into the public buying – Higher volume.
As RSI still above 30 so is Butterfly going to give Reversal or GARTLEY ? Low – volume shows no interest to the upside from “Smart Money” so Expecting prices will not go higher.
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR.
SET UP BECOMES VALID ONLY when RSI comes below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
Potential SELL
AXISBANKNSE:AXISBANK
SPARE SOME TIME FOR SHARING YOUR FEEDBACK PLEASE
AT THE COST OF REPEATING, THE CHART WAS SHARED ON 12TH AUGUST, ONCE AGAIN IT HAS COME TO THOSE LEVELS
448-449 SEEM TO BE SUPPORT levels, IF SUSTAINS IT LL SEE 456 462 AND MAYBE 468
TRAIL YOUR STOPS
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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.
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AXIS BANK 1HRBearish SHARK
Earlier this same Pattern given good reaction on Type1 entry & hit Target now its TYPE 2 ENTRY & Low volume shows no interest to the upside from Smart Money so Expecting prices will not go higher.
If price Breaks Red Trend line is where EXIT before SL hits
price need to follow Green Trend line & hit target
POTENTIAL SELL