AXIS BANK LTD
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Axisbank

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
captura
wave structure and key levels
captura
macd in weekly uptick and above zero line
captura
macd in daily positive crossover with uptick and above zero line
captura
rsi in daily uptick and above 60 levels
captura
upper bollinger challenged in daily
captura
dmi adx positive ungali setup in daily
captura
bullish mood is active as per emas in daily
captura

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

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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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