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AXIS Bank has accomplished corrective wave 4, and the price is trading at impulsive wave 5. Note that 5th has completed a reverse Fibonacci distance of 161.8%.

Axis Bank may fall up to 50% of the 5th wave if it breaks down 694. In addition, it is facing the resistance acceleration channel.
If the price sustains above wave B, it can skyrocket for the following targets: 694 – 705 – 719.

However, the price can also take support from our key level 694.

Fibonacci relationship:

• Wave 2 retraced 78.6% of wave 1.

• Wave 3 extended 1.618% of waves 1.

• Wave 4 retraced 50% of wave 3.

• Wave 5 extended 61.8% of wave 1 through 3 and 1.618% reverse Fibonacci of wave 4.

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NSE COAL INDIA: Triangle Thrust

Have you traded coal India’s trade setup?
Click here: COAL INDIA Has Formed Symmetrical Triangle

I have written clearly,” If the price breaks the upper band of the triangle, traders can trade for the following targets: 198.45 – 210 – 218.”

[19 July 2022]

• 10:30 AM – Coal India Reached the first target of 198.45.

If you have traded this setup, you could have made 16200 / lot.

Will Adani Port Achieve The Final Target?

Do you Remember the Adani ports research report?
Click here: ADANIPORT: Price Action Perspective

I have mentioned clearly, “If the price breaks the control line, traders can long for the following targets: 751 – 778 – 795″.

[19 July 2022]

• 2:49 PM – Adani Port hit the first target of 751.

If you have traded this setup, you could have made 32000 / lot.