Axisbank

31 août 2021

Axisbank completed a nice symmetrical triangle in wave 4 with all clearly visible subwaves as a,b,c,d,e, and breakout along with good intensity of volume has been done, so now we can presume that wave 5 should have started and can head towards 950 plus in medium term, all other parameters are also supporting this view to go long, all the key levels are mentioned on chart along with stoploss and targets.

breakout with good intensity of volume in daily

wave structure and key levels

macd in weekly uptick and above zero line

macd in daily positive crossover with uptick and above zero line

rsi in daily uptick and above 60 levels

upper bollinger challenged in daily

dmi adx positive ungali setup in daily

bullish mood is active as per emas in daily


Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing.