Axis Bank Simple Price Action Analysis Bullish
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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.
Nota
Achieved All Time High and the level gave more than 2:1 RR, expecting full target.Dagangan ditutup: sasaran tercapai
At last, Target has been achieved
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