AXIS BANK LTDLong
AXSB IN EQUITY
Spotted two great buy opportunities
(i) Buy opportunity @~INR705 [~70%] - the likelihood is derived from the intersection point from two mid-term tunnels which were formed in early 2016 and early 2020, respectively. Why isn't it a ~80-90% likelihood? Because the channel's slope (the one formed in early 2020) is too steep - which is in general not in my favor. Having said that, the power of intersection point should override the skepticism around the steepness of the channel
(ii) Buy opportunity @~INR543 (~30%) - no details
(i) Buy opportunity @~INR705 [~70%] - the likelihood is derived from the intersection point from two mid-term tunnels which were formed in early 2016 and early 2020, respectively. Why isn't it a ~80-90% likelihood? Because the channel's slope (the one formed in early 2020) is too steep - which is in general not in my favor. Having said that, the power of intersection point should override the skepticism around the steepness of the channel
(ii) Buy opportunity @~INR543 (~30%) - no details
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.