Axis Bank ElliottWave forecast

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As per hourly chart, the banking stock has given fresh bullish break in a falling channel which is a positive sign. As of now it is above the falling trend line which is now acting as a support, earlier it was a resistance (polarity reversal). RSI is now moving higher from current levels.

From wave perspective, prices are moving in wave c which is impulse in nature after completing wave a and wave b. In wave c it has completed wave i and wave ii and now it will start wave iii higher.

The summation is Axis Bank is all set to soar till 480 levels with support placed at 375 levels.

Elliott and Neo Wave analysis is conducted for 1 month, this is an advance technical course suited for professional traders. Twice a week, 2 hours will be given for theory as well as practical application. The fees for it will be Rs. 10,500/-.

Classroom training and webinars both are available. If you reside in Mumbai, classroom training is conducted in Vile Parle near station and Borivali Station. For inquiry and registration call +919324174580.


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