Bullish Reversal on Axis Bank | Falling Wedge + Demand Zone
📝 Analysis: Axis Bank (1H Chart)
Pattern: Price formed a Falling Wedge, a bullish reversal pattern.
CHoCH (Change of Character): Market structure shift confirms that bearish momentum has weakened and bulls have taken control.
Order Block: A bullish order block has been identified around ₹1,120 – ₹1,100, which is acting as a demand zone.
Entry: Current price has tapped into the order block zone, offering a potential long opportunity.
Targets:
TP1: ₹1,170
TP2: ₹1,200
Stop Loss: Below ₹1,090 (order block invalidation).
📌 Trade Idea:
Bias: Bullish
Risk-Reward Ratio: Favourable if entries are taken around the order block.
Confirmation: Further bullish candles from this zone strengthen the case for upside continuation.
Pattern: Price formed a Falling Wedge, a bullish reversal pattern.
CHoCH (Change of Character): Market structure shift confirms that bearish momentum has weakened and bulls have taken control.
Order Block: A bullish order block has been identified around ₹1,120 – ₹1,100, which is acting as a demand zone.
Entry: Current price has tapped into the order block zone, offering a potential long opportunity.
Targets:
TP1: ₹1,170
TP2: ₹1,200
Stop Loss: Below ₹1,090 (order block invalidation).
📌 Trade Idea:
Bias: Bullish
Risk-Reward Ratio: Favourable if entries are taken around the order block.
Confirmation: Further bullish candles from this zone strengthen the case for upside continuation.
Dagangan aktif
Dagangan ditutup: sasaran tercapai
For more live trades
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
For more live trades
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.