Axis Bank Simple Price Action Analysis Bullish

7 באוג׳ 2023

AXISBANK is in an Uptrend making continuous HHs and HLs in the Candlestick Chart.

With these HH and HL, the price has created two Bullish Patterns in this Chart: A Cup and Handle Pattern which is a Continuation Pattern, and a Right-Angled Descending Broadening Triangle.

We also have a few Trap Zones in this chart; hence my expectation is that the Price of Axis Bank should go up and make another HH.

Looking at a Target of 164 that is approx. 12% Return on Investment.

31 באוג׳ 2023

הערה

Achieved All Time High and the level gave more than 2:1 RR, expecting full target.

30 בנוב׳ 2023

עסקה סגורה: היעד הושג

At last, Target has been achieved