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
THESE ARE THE TREND LINES RESPECTED BY AXIS BANK.ITS IN A UPTREND NOW .BUY AROUND 405 AND TARGET TILL 480
Hi Traders/Investors, In my last post on this scrip ,I mentioned clearly that is quoting for your consideration " if green support is not taken out on lower time and later on same day in daily time frame." then only by breaching this condition cover long other wise remain in long. now you can see the whole week axis bank remained...
- NSE:AXISBANK is currently forming triangle pattern which is continuation pattern. - Not taking any positions for now, just waiting for the triangle to breakout or breakdown. - Keep an eye over this triangle. Love the patterns <3
May retrace to 390 as per Fib Levels. If it breaks 50 EMA, then will move towards 370 or else take support at the EMA. It will be bullish only above 425.
1) Long on Break of 425 2) Short on break of trend line and rejection of 425 levels
Positional BUY Axis Bank Ltd. Buy initiated at 409.95, T: 436, SL: 378.30. Medium term outlook: We are expecting 20% upside from current levels, provided market conditions are good. Keep a stop loss of 378.30 to restrict losses in case market corrects.
Axisbank at its support zone @379.50 if it go below 379.50 can sell (range - 379-377) Target 1st - 371 2nd- 368 (For Intraday) SL - 389.55 AND if it go above 381.90 can buy tg. 1st - 384 2nd - 388-90 (For Intrday) SL - 376
descending triangle breakdown . short around 394-398 levels for a target of 340 and stoploss of 405 on closing basis.
If Axis doesn't close below 680 over the next few days, there is a strong possibility of it testing the kijun line at 715.
KEY TAKEAWAYS Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. The patterns may be considered rising or falling wedges. The patterns have an unusually good track record for forecasting price reversals.
Short Axis Bank With SL above 730 Target 655 Alternatively Buy Axis Bank 700 PE
After a strong move up expect a retracement to come down and build a support. 730-710 are the key levels which can be tested.
BTST TRADE IN AXIS BANK VIEW :-200-DMA TAKEN OUT :-RISE IN OI+RISE IN PRICE :-RESISTANCE OF 730 TAKEN OUT TRADE IN FUTURES 28TH NOV CONTRACT LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES BUY@731 STOP@721 TARGET 1@741 TARGET 2@751 LOT:1200 QTY:2 PLEASE NOTE: ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM !!PLEASE NOTE TRADE WITH...
AXIS BANK on 13 Sep to push higher in early trade rising to 672 .....breaking below 660.55 may take Axis bank towards 646-610.80....Rispect Risk....