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Showing posts with the label anticipated

Axis Bank Anticipate happened and Elliott Wave Forecast

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Axis Bank hourly chart In my previous update dated 16th May 2020, I had mentioned that, "   Prices are poised to falter till 360-355 levels where the support of the channel is placed with resistance at 410." Prices made a low of 335 which achieved my above mentioned level. - Anticipated Happened Here is the link of the previous article on Axis Bank-  https://www.marketanalysiswithmeghmody.com/2020/05/axis-bank-elliott-wave-forecast.html Now as prices has arrived near support of the falling shaded channel there are high chances for this banking stock to soar from current levels which can test 380-385 levels. As per Elliott Wave, prices might have completed wave a of the second correction post wave x, this means wave b higher cannot be ruled out. 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. 1