Axis Bank is trading at its 52-week high and all-time high. There is no resistance on the upper side. Volume is increasing.
The relative strength index is above 60 daily, weekly and monthly.
The cup and handle pattern is visible.
If the prices retest the neck level, 987 - 985, it would be a good entry-level with a target level 1045. We can achieve a 4 risk-to-reward ratio if the trade goes positive.
Even after stretching the stop order below the previous swing low, the risk-reward ratio would be more than 2.
Stop loss can also be trailed as the price moves upward.
The relative strength index is above 60 daily, weekly and monthly.
The cup and handle pattern is visible.
If the prices retest the neck level, 987 - 985, it would be a good entry-level with a target level 1045. We can achieve a 4 risk-to-reward ratio if the trade goes positive.
Even after stretching the stop order below the previous swing low, the risk-reward ratio would be more than 2.
Stop loss can also be trailed as the price moves upward.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。