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.
-------------------------------------
Trade Setup for 10-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for...
NSE:AXISBANK
Observations:
1) On 1 day time frame, it is near it's big resistance which is 200DMA.
If it trades above it then we can see a good upmove. And if it fails to trade above then we can see down move.
Positive thing is that, it closed above yesterday's closing. Immediate support is 720 level.
Please refer below chart : 1 day Time Frame.
2)...
Axis Bank has been consolidatiing inside a channel pattern for the past three months....and it is ready a break a inverted head and shoulder pattern in its monthly time frame. We can expert a movement of atleast 15 to 20% in the short term.one can enter after a bullish candle at the bottom of the channel pattern or could wait for the channel pattern. Make sure you...
NSE:AXISBANK
Trade Setup for Date 25-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid...
NSE:AXISBANK
Observations:
1) On 1hr time frame we can see that it took support from the middle trendline of parallel channel.
The same channel was already represented in my previous ideas.
Now this middle trendline will work as supprot and the upper trendline will work as resistance.
Please refer below chart : 1hr Time Frame.
2) On 15 min time...
NSE:AXISBANK
Observations:
1) On 1 day time frame, it is taking support from 21DMA.
Currently 21 DMA is placed at 789.68 level.
From OI data, We can establish that immediate resistance is at 810 and major resistance is at 820 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see that it is in parallel channel support...
NSE:AXISBANK
Observations:
1) On 1hr time frame, if you remember it has been taking support from parallel channle, as I had explained in my previous post about AXISBANK trade setup, so it has been still in that support channel.
I will put that previous tradesetup of axis bank so that you can refer that channel again.
It has taken and bounce back from the...
NSE:AXISBANK
Observations:
1) On Daily Time Frame, we can see that it is still getting support from the parallel channel.
Today it got support from the middle line of parallel channel.
Please refer below chart : Daily Time Frame.
-------------------------------------
Trade Setup for Date 29-09-2021:
1) Don't Jump in to trade at the beginning of...
Banknifty making a symmetrical triangle pattern in 15M chart
you can go long on bank Nifty with small SL for 1:3 RR if it gives a close above 37200 with high volume.
Avoid shorting BN before a good fall and retest confirmation
tomorrow is weekly expiry and it could be one of the best expiry we've ever seen because of EQUINOX .
give your views in comment section, thanks...
Axis bank is forming a good double bottom pattern along with the cup and handle.
The resistance area is around 760 -765 zone. Once this is taken out then the stock can again test its 52 week high levels.
The SL can be placed under the 740 zone on DCB.
For educational purposes only. Please consult your CA before investing your money.
hello traders
i hope this post will be useful to you
ask me any ques in comments section
thank you
*its not a call*
i forgot to mention it but according to rsi its also loosing momentum
NSE:AXISBANK
Observations:
1) On Daily Time frame it had formed rounding bottom and breakout it. It was breakout on 9-08-2021. Since then it has been testing the breakout level of it. Which is placed at 754-755 range.
And it has been taking support from the range and closing above it, since last 6 days.
2) On Daily Time Frame, it also took support from...
NSE:AXISBANK
Since last 3 days it failed to closed below 755 level and taking support from it.
And it has been making triangle pattern on 15min time from since last 3 days.
Breakout of this pattern on either side will give good move.
Levels and targets are mentioned on the chart. I hope it is easy to understand.
Do comment your doubt or suggestion.
All...
![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 ]")
![AXISBANK: Simple Trade Setup | AXISBANK | 07-01-2022 [INTRADAY]](https://s3.tradingview.com/z/ZG1TPfQR_mid.png "Simple Trade Setup | AXISBANK | 07-01-2022 [INTRADAY]")
![AXISBANK: Simple Trade Setup | AXISBANK | 25-10-2021 [ INTRADAY]](https://s3.tradingview.com/u/uzUmSQJb_mid.png "Simple Trade Setup | AXISBANK | 25-10-2021 [ INTRADAY]")
![AXISBANK: Simple Trade Setup | AXISBANK | 22-10-2021 [INTRADAY]](https://s3.tradingview.com/r/rX6vCHlp_mid.png "Simple Trade Setup | AXISBANK | 22-10-2021 [INTRADAY]")
![AXISBANK: Simple Trade Setup | AXISBANK | 18-10-2021 [ INTRADAY ]](https://s3.tradingview.com/a/AsZLhuS0_mid.png "Simple Trade Setup | AXISBANK | 18-10-2021 [ INTRADAY ]")
![AXISBANK: Simple Trade Setup | AXIS BANK | 05-10-2021 [INTRADAY]](https://s3.tradingview.com/v/vWo7Xwqa_mid.png "Simple Trade Setup | AXIS BANK | 05-10-2021 [INTRADAY]")
![AXISBANK: Simple Trade Setup | AXIS BANK | 29-09-2021 [INTRADAY]](https://s3.tradingview.com/l/lCq7qLff_mid.png "Simple Trade Setup | AXIS BANK | 29-09-2021 [INTRADAY]")
