AXBA trade ideas
Axis Bank Probably Good Short Near Daily Resistance of 752Axis Bank Probably Good Short Near Daily Resistance of 752
#AxisBank Short !? #NSE #BSE #NIFTY50 After 38.2% retracement from recent swing low. Axis Bank is showing #RSI Divergence in Daily Charts . NSE:AXISBANK
The bullish 5 waves finished Expecting 758 to break as b) wave..Market Commentary:
If the trend is upside or in downside i will inform in the chart and there will be a PB can occur and some correction may start so MIND that DONT TRADE THE CORRECTION and what i am expecting the CORRECTION....Wait for the PB ends...and give entry in the trend side...If u r doing the PB and correction u will took loss ....trade only in trend side....
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS.
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count changed or updated. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers.
This is a educational post only...my ambition is to create a awareness to the traders who lose the money and treating like a gambling...this is a pure business and not only buy and sell apart from that we have to fine tune ourselves in various part of trading...cheers once again.
Axis BankAxis Bank on 15 minute chart is a buy with a stop below 715 and for the first target of 735 and 2nd target of 750, once first target is hit then move your stoploss to your cost or conservative traders can book full profit
#AxisBank ShortTerm view*Note:
Yellow Lines: Weekly Support zone 680 to 647 (Max, should not go that much, consider 690 only for now)
Pink Line: Recently acting as support turned into resistance (2 Hrs time frame)
Recently 707 acting as a support breakout of 707 may lead to 697 > 689 > 680 (Strong support)
**Upward trendline broken on weekly basis.
Axis Bank -Intraday Trade Setup for 15 November 2019 Axis is Also in my watchlist for today Intraday Setup, Consider watching the Buy or sell Levels.
Axis Bank DivergenceAxis Bank is trading near a resistance on 4 hour chart and already showing divergence on RSI and MFI, as soon as MACD turns negative one can go short, however agressive trader can go short even if just the slope turns downwards
