Hi friends! Sharing daily chart of Axis bank as we can see price is forming a classic Ascending triangle pattern on provided time farme a bullish setup that often signals accumulation before breakout and the price is pressing against a well established horizontal resistance which has historically acted as a strong support as marked by green arrows.
A decisive breakout above 1115 resistance backed by strong volume, could lead to a significant upward move toward marked targets. However if the price fails to break out we may see a retest of the rising trendline support.
This setup offers a clean structure for traders watching for a potential breakout or pullback entry. The pattern sketch in the chart serves as a visual reference for educational purposes.
Targets mentioned on provided chart and a good support can be consider a close below rising support line after breakout.
This idea is meant for only learning purpose.
Hope you like the publication, Thanks in advance.
A decisive breakout above 1115 resistance backed by strong volume, could lead to a significant upward move toward marked targets. However if the price fails to break out we may see a retest of the rising trendline support.
This setup offers a clean structure for traders watching for a potential breakout or pullback entry. The pattern sketch in the chart serves as a visual reference for educational purposes.
Targets mentioned on provided chart and a good support can be consider a close below rising support line after breakout.
This idea is meant for only learning purpose.
Hope you like the publication, Thanks in advance.
トレード稼働中
Going good going bullish !Yesterday added testing quantity on smaller timeframe, today waiting for a breakout retest but not happned as yesterday closed much higher from breakout point on provided time frame, but still happy that analysis going in wanted direction.
ノート
Close to target oneノート
Almost touched made high of 1196.80 so far.トレード終了: 利益確定目標に到達
After a good breakout, the target has been reached. Despite very bullish price action and sentiments, it could not break the target resistance in the first attempt, hence profit was booked by placing a pre-order. Let us see whether the price retests the first breakout or breaks the target resistance and moves towards the second target resistance.
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これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。