Axis
AXIS BANK BUY INTRADAY;
This Trade is derived on Probability basis; Do Not Risk more than 3% of your Principal amount;
axis bank rising wedhe pattren brekout possibleaxis bank breakout possibility. level are given in the chart follow for more trade step
Axis At Important levels446-447 levels seems very important levels.
Stock has broken this level, But tomorrow if it opens below the level then we can look for short opportunities.
However if not we can look for the long opportunities in Axisbank.
10 Aug to 14 Aug 2020 - Watch Banks that are NR7 candidateThis is the chart of BANKNIFTY nearing a resistance zone. If BANKNIFTY goes above resistance of 21950 , a major move to the next resistance can be kept as target at 23150 .
Another important point to be noted is a lot of bank stocks are NR7 candidate indicating a power move in the next trading day.
Keep Bank Stocks in your Watchlist for Monday 10 Aug 2020.
So as always,
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
AXISBANK - POWEFULL SUPPORT - TRENDLINE TESTED MULTIPLE TIMESAxis bank has been in a downtrend for 3 weeks mainly due to the RESULTS it announced on 21 July.
The level it is now had been tested multiple times. So it can be expected to MOVE UPWARDS .
But keep in mind the possibilty it has to further move down . So please wait and watch till it indicates a clear up trend.
An important point to look is bank nifty. Nifty has moved quit a bit after and the fall due to the pandemic. But banknifty, yet to come up.
So an indication by banknifty can also be an entry trigger for axis bank as well other banks like ICICI BANK.
Beware : Please keep in mind and stay away from False Movements
Also this is not any recommendation, This is only for educational purpose.
Trade at your own risk.
Axis Bank Ascending Triangle PatternAs per Technical Analysis, Axis Bank in One Day Chart Pattern has made an ascending triangular pattern and on 22/07/2020 has a breakout above the upper trend line. Projecting a Target of 580 in next 30-35 days.
Expecting a breakout soon in AXISBANK ?From the last few trading sessions it is observed that AXISBANK was trading in a range and forming triangle pattern between the resistance and support levels.
Green trend line is acting as a strong resistance shown by green dots and one could enter long if that trend line is breached and axisbank moves above 441.
Similarly, lower red trend line is acting as a good support for AXISBANK and it failed to close below it as shown by red dots and keeping this in mind one should assume that if that trend line is breached and stock moves below that support levels we can enter the short trade below 430.
Both Entry points also acts as our stop loss in case stock retraces back showing false breakout in either direction, targets will be 10-20-30-40 pts. from Entry Points in both side trades.
21ST JULY AXIS BANK TRADE SETUPMoving in a trend, place your targets and stop loss according to support and resistance drawn.
20TH JULY AXIS BANK TRADE SETUPTrade the trend in axis bank, place your targets and stop losses according to the support and resistance lines drawn.
15TH JULY AXIS BANK TRADE SETUPPlace strict stop-loss at 425 and take long position with caution. Don't trade if it accumulates or has less volume.
AxisBank LongI hope you can now see how the AxisBank represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
If anyone has taken the trade that I posted some week ago.Hey Guys, If anyone has taken the trade that I posted some week ago, please trail the stop loss to the entry point to trail it according to your Trading Plan.
Thanks.
Please reach out to my blog - Profitary.in
Axis bank is all set for a triangle pattern breakout with RR 5I have added all the details in this picture , please comment any doubts if you have here.
AXIS BANK Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
AXIS SHORT !AXIS BANK looks weak now, expecting target 410 soon and if fails that levels to hold then hold for short target 380/-
Axis bank !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
AXIS BANK LONG TILL 485 THESE ARE THE TREND LINES RESPECTED BY AXIS BANK.ITS IN A UPTREND NOW .BUY AROUND 405 AND TARGET TILL 480
