Axis bank has been trading around the higher level and is forming a base near 1030 zone. Both side movement can be there in the stock and confirmation is need for the entry to trigger. But the stock on the weekly chart is showing some bearish RSI divergence and the dropping strength can be the initial signal of a bearish move. On the daily charts, it is around...
Axis bank has historically using inclining trend line as a support every consolidation period has been using a declining trend line support as can be seen on 1,2 & 3 scenarios also RSI divergence is found in 1&2 this could repeat the same and head for a new all time high as it has done previously.
Hi Everyone... In UPL we got W pattern with CHOCH confirmation but still is Sell channel Risky traders entry the buy @502-486-455 SL 446 Safe traders wait for breakup....follow the chart drawing and enter the retracement @432 SL 446 Both TPS WILL BE 529-604-700-750-800-850-1250
Look for a bullish breakout in Axisbank. A pennant pattern is evident in this stock. Price level of 1113-1115 range is resistance to watch for a breakout. I will update the entry taken for buy later in the idea comments.
These Banknifty levels are posting here for only educational purposes. Don’t buy/sell based on these levels. Market is clear so above our range & sell below our range. Plan your trades accordingly.
As per our previous day analysis our levels worked perfectly. Observe these levels only for educational purposes. Don’t trade based on these levels, just to observe
Axisbank had given a breakout around 1100 level and made a high of close to 1130 and higher.. its resistance can now be well backed by a good support at 1100, On monday we can expect axisbank to open lower and fall even lower only to take support around 1100 and from there on we can expect further upside for axisbank. Entry level 1100 Stop Loss 1080 Target...
AXISBANK breaking parallel channel with good volume #target can be 1200 EDUCATIONAL IDEA
BankNifty Analysis - Stance Bullish ⬆️ Yesterday we discussed the possibility of HDFC Bank making a move and quite fortunately that came true today. We rallied an impressive 769pts ~ 1.66% today to take out the first resistance (bearish trendline break). Would you believe the elephant jumped 2.63% today along with AXIS Bank 2.41%, Kotak Bank 1.8%. ICICI Bank &...
Axis Bank is forming lower highs and lower lows pattern and looking a good sell candidate around 1125 - 1130 for the targets of 1045 and below marked levels on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
BankNifty Analysis - Stance Bearish⬇️ BankNifty had a lot of anomalies today. Firstly, the start was slightly on the higher side and BN did not fall, unlike Nifty. We ended up defending yesterday’s swing low which came as a big surprise. You might remember, we had a bearish call for BN today and the fact that the downside move was not even attempted came as a...
BankNifty Analysis - Stance Bearish ⬇️ The unusualness of the last 30mts was more obvious in the Banks - HDFC, ICICI, AXIS and Kotak. Seems a news/event is brewing and we may get some clarity in the coming days. The good thing is that it broke out pretty late in the day, which meant the expiry was not totally screwed. 4mts chart How many Analysts you know are...
In 1 day time frame trendline breakout was done and not at 1136.95 with a good volume. For now volume support zone 1119.15. If price break 1151 with good volume then a big move we can see here. Be alert. support zone 1119.15-1109 Support 2: 1081 if price consolidate between 1109-1136 it's for intraday . after break 1151 it's a good for long for investor.
Its a monthly chart hence a long term story, a clear cut breakout and sustaining. Massive upside potential.
BankNifty Weekly Expiry Analysis BN just fell 742pts ~ 1.53% between the last expiry and today, logically it got only 4 working days as the last expiry was on a Thursday. A 742pts move is nothing considering the shape BN is currently in. Since the stance is now bearish, we are hoping for a build-up in the momentum soon. 63mts chart link BankNifty Today...
Intraday view stock is in down trend. It's follow a trendline . When price will be near at or touch trendline we can shorts our position. For long term investor buy on dip . It's a best options for them . Support: 1092 Resistance: 1104 Maximum volume at 1100 (So we can think if price will be near this level and create a bearish candle we can make a position on...
BankNifty Analysis Was quite surprised to see BankNifty following the ascending channel’s bottom trendline with a near correlation. Only for a brief period, we traded in RED, once BN pulled itself above water - it was able to hold its level quite strongly. 4mts chart link - click here KOTAKBANK, AXISBANK, and HDFCBANK were trading in green giving BN a...
Banknifty recover from 47000. fall from 48000 next week strong support based on Open intrest 47000 strong resistance open intrest 48000 whichever side break go with flow