Sep 11 - Axis Bank Hourly Elliott wave analysis.
Segment - Cash or Equity
Analysis : Axis bank was going through a 5 wave correction in hourly chart and it recently it completed the 5th wave with divergence on MACD and RSI. This confirm a upside will be formed with ABC pattern. Currently A is progress.
Medium term for next 20 days BUY Axis bank at 480-485 SL 450 ( ideal buy will at B as it can trigger SL 450 - Middle fork should be the entry point)
Target : 510 550
Axis bank exploded today 4% up
ReplyDeleteT1-> 510 hit
ReplyDelete480- >>>530 ---> 10% profit in 10 days... close all position now
ReplyDelete