AXIS BANK is very near it's all time high. The stock has taken support at EMA 50 level. In the coming days we can see AXIS BANK crossing 1000+ provided we have support of the broader market.
AXIS Bank trading at 874 Levels
very strong breakout on monthly chart
if October month candle (which is going to close on 31st october)
closes above 880 level can see good move on 2023
Stop loss will be below the breakout candle
Do your own analysis before take a trade
AXIS BANK BIG STRONG BREAKDOWN MAY BE DUE TO RESULTS,AS per our technical analysis short if it crosses breakdown candle low below on tuesday with minimum 1:2 take profit
NSE:AXISBANK1!
completed shark harmonic pattern
buy above only 846 add more 824 closing sl 814 below target will 884-895-907
then this is area to check 5-0 harmonic pattern conditions
if reversal candle ,sign, seen in this area then will retest for double bottom (820-817)
if no reversal sign seen on this area and show strength with marubozu or gap up then next...
let’s rock again on
AXIS BANK
Buy Above 910
sl 890
target 920-980-1020
max 1.5 month
AS ITS MAKING OUR SETUP WITH MINIMUM SL AND MAX TARGET
Remember the name
TRADE BEARS AND BULLS
LEARN AND EARN
LIKE SHARE AND COMMENT YOUR VIEW
Axis Bank Limited, formerly known as UTI Bank, is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail businesses. As of 30 June 2016, 30.81% shares are owned by the promoters and the promoter group.
#axisbank
Good pattern formation on weekly charts.
In daily charts it's a breakout, but won't take it becoz of low RR.
Waiting for weekly breakout to enter
#vr
Axis bank looks good by breaking falling trendline resistance with good margins and succeed to close above that, giving bullish divergence breakout on RSI indictor too by breaking pervious resistance on that so we can see a nice up move in this stock from here.
Cause of long-:
1- Falling trendline breakout.
2- Rsi indictor breakout.
Axis Bank:
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Price Volume relationship:
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Monthly: Volume decline & Price up (Something fishy)
Weekly: Volume is supporting the Price movement but the last candle showed rejection from the top.
Day: Yes Volume is supporting price decline.
Now, look at the Red trendline & Black trendline intersection part, If goes below...
Good Entry for Swing Trader
Entry: 740-750
Exit: 800
Good opportunity to get a nice return. Sell at 800 and analyze the trend and wait for entry.
#axisbank
Axis Bank has Seen fresh breakout of Consolidation I am Buying Axis bank Future August around CMP 742 with Stoploss of 729 And Targets Expected are 772
Reason To Buy Axis bank:
# Ascending Triangle Pattern Breakout
# Bank Sector & Pvt Banking Looking Bullish
# Stock Trading above 20,50,100,200 EMA
Axis Bank is trading at PE of 14, below 10 year Historical PE levels of 18.
Strong Revenue and Profit growth with consistent loan book growth.
With increasing share of Private banks, and slow calibrated shift from Unorganised to Organised,
Axis Ban may be poised for some upside here. Keep a close watch.
Not an Investment Advice. Only for research purpose.
From the chart, it can be seen that a clear uptrend is being followed by axis bank.it has also broken its main resistance level (764) .
Also completed the 4th wave ( correction) of Elliot wave theory. So if global market remains good we can see the stock price moving towards a target of 860.
Entry @ 781 ( or 790)
Target = 860
Stop loss = 754
RIsk to reward ratio...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#AXISBANK looking realy good to go long, It has formed a double bottom pattern and had breaked the neckline & again came to it for a retest. If we see some bullishness then we can easily go for the Buy side with a Target upto 830 in 2/3 weeks....
Today date - 15-01-2022
NSE:AXISBANK
Observations:
1) On 1 day time frame, we can see it failed to close above 200DMA and face resistance from it and made bearish spinning top candle.
Please refer below chart : 1 day Time Frame.
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Trade Setup for 10-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for...
![AXISBANK: Simple Trade Setup | AXISBANK | 10-01-2022 [ INTRADAY ]](https://s3.tradingview.com/r/rsBaFjRf_mid.png "Simple Trade Setup | AXISBANK | 10-01-2022 [ INTRADAY ]")
