AXISBANK
AXIS BANK LEVELSSupport Level of AXIS BANK
Buy axis bank on these levels 987 when in hourly oversold region on intraday basis
823 is for positional buyers.
Don't short Axis bank on positional basis as it has not given enough return on 5 yearly basis
Fresh long trades now are not avaialble as market is weak
Consult your financial advisor before trading
AxisBank | Trendline BUll Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Supports
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Double Rounding Bottom | HDFC BANK1️⃣ News on HDFC Bank
📍IPO Launch: ₹12,500 crore IPO for its subsidiary, HDB Financial Services
📍Profit Growth: 5.3% increase in net profit for the last quarter
📍Stock Surge: HDFC Bank shares have risen nearly 20% in three months
📍Market Position: High market cap and favorable investor sentiment
2️⃣Technical Analysis
⭕️Support around ₹1,500; important for maintaining upward momentum.
⭕️Breakout above ₹1,700 for potential buy signals.
⭕️Moving averages indicate bullish momentum.
⭕️Overbought territory suggests potential short-term corrections.
⚠️Conclusion
Strong fundamentals, including solid revenue growth The merger with HDFC Ltd. enhances its market presence, but it faces some margin pressures. Overall, it’s a good time to buy HDFC Bank stocks for long-term stability and growth, while keeping an eye on potential short-term volatility.
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Good Short Strangle for Axis BankLooking at the CPR Pivots , Can see a good Strangle Set-up for Axis Bank.. Margin Required - 4.12 L and Max Profit is 16K (4.13%) -- Probability of Profit is 83%
Downside :- Have to wait for 16 Dec..
1250 CE *1
1300 CE *4
1050 PE *1
1040 PE *1
All December expiry
**********
Not a trade suggestion. Please review yourself before you take the trade..
"It’s been a year now—could this be the turning point?"❓What do you think about this merger and future growth of IDFC First Bank?
⭕️"Can IDFC First Bank still become the next HDFC Bank?"⭕️
📍An order block zone is a price range where large institutions have placed significant buy or sell orders, creating strong support or resistance. These zones often lead to price reversals or consolidations
📍It help traders identify where the "smart money" (institutional money) has previously influenced the market, giving insight into likely future price reactions around these levels.
✅Technical Analysis:-
"For now, there is a bearish trend with a strong sell sentiment. However, once the order block is confirmed, the price may shoot up like any other stock."
✅Fundamental Analysis:-
⚡️A rise in IDFC Ltd could enhance sentiment towards IDFC First Bank.
⚡️Increased stock may improve the combined entity's market valuation.
⚡️profit after tax of ₹201 crore for Q2 FY25, up 28% compared to last year
⚡️The merger aims to enhance operational efficiencies and align management practices with leading private sector banks
✍️Nifty50 is officially below the BUDGET2024 swing low as of today. The support level of 23900 was tested and sustained today. Considering the chart structure more weakness is expected.(Take this into consideration too, while investing or trading)
👀IDFC First Bank's stock has declined recently due to the following issues:
⭕️The bank experienced a 10% drop in net profit for Q4 FY24
⭕️Provisions increased to ₹722 crore, raising concerns about managing non-performing assets effectively
💡Conclusion🎯
IDFC First Bank has established itself as a significant player in the Indian banking sector, focusing on retail and corporate banking services. The recent merger with IDFC Ltd. is expected to enhance its growth trajectory and operational efficiency.
✅Check out my TradingView profile to see how we analyze charts and execute trades.
⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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Axis Bank BullishAxis Bank CMP Rs 1157
The Stock is trading at 14% from its ATH
The stock has a support at 1153 - 1120 and longer term support at 1130 - 1080
A close abouve 1153 triggered today. One can look at positive move from this price range.
First resistence will be at 1280 and when crossed can get to higher levels
Axis bank AnalysisAxis Bank is currently trading within a defined price channel, showing a clear pattern of highs and lows. The support level near ₹1130 presents a key buying opportunity for traders, as the price has consistently bounced back from this level. This creates an edge for traders who prefer entering near support, offering a favorable risk-to-reward ratio.
In this case, you can capitalize on the potential upward movement with proper stop-loss placement just below the support and targeting the upper channel range. Monitoring the volume near this level can also confirm a strong price action rebound.
Consider pairing this technical setup with any relevant fundamental factors to strengthen the trade's probability of success.
Axis BankAdjusted Target of Axis Bank.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
AXIS BANK Swing Long Update - Axis Bank is currently trading at 1232
- Axis Bank swing long was posted a week back and now all my expected targets have been purged
- If you are holding Axis try locking in a major chunk of your gains
- I am anticipating that Axis Bank can soon start retracing now
- Watch out if you are holding aggressive longs
Axis Bank LtdAll important points are marked.
Do own studies before investing in equities.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
AXISBANK // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Axis Bank Limited (NSE: AXISBANK), here are the key levels on the 1-hour timeframe:
Resistance Levels:
R1: ₹1,200.00
R2: ₹1,220.00
R3: ₹1,240.00
Support Levels:
S1: ₹1,180.00
S2: ₹1,160.00
S3: ₹1,140.00
These levels can help you identify potential entry and exit points for your trades
AXIS BANK 30 Min levels (S/R)# we mark Support and Resistance on the charts so you can check..
Support Levels:
Definition: A support level is a price point where a stock tends to stop falling and may even reverse direction. It represents a level where buying interest is strong enough to outweigh selling pressure.
Identification: Support levels are often identified by looking at historical price charts where the stock has previously bounced back up after hitting a certain price level.
Role Reversal: Once a support level is breached, it can become a new resistance level.
Resistance Levels:
Definition: A resistance level is a price point where a stock tends to stop rising and may reverse direction. It indicates a level where selling pressure outweighs buying interest.
Identification: Resistance levels are found by analyzing historical price charts where the stock has previously fallen back after reaching a certain price level.
Role Reversal: When a resistance level is broken, it can turn into a new support level
AXISBANK 4H levels (S/R) we mark Support and Resistance on the charts so you can check..
When referring to "4H levels" for Axis Bank, it’s likely you are talking about technical analysis on a 4-hour (4H) chart. In technical analysis, a 4-hour chart is used to view price movements and patterns in 4-hour intervals, which can help traders and analysts make short to medium-term trading decisions.
Here’s how you might interpret 4H levels for Axis Bank:
**1. Support and Resistance Levels
Support Levels: These are price levels where the stock tends to stop falling and might bounce back up. On a 4-hour chart, you would look for previous lows or price levels where the stock has historically found buying interest.
Resistance Levels: These are price levels where the stock tends to stop rising and may reverse downward. On a 4-hour chart, these would be previous highs or levels where selling pressure has historically increased.
Axis Bank Long Setup - Axis Bank is currently trading at 1175
- BNF is carrying a bullish structure and at the same time Axis Bank is trying to form a base
- Axis Bank looks for a swing long around 1155-1164
- Watch out for the invalidation before looking for longs
- The structure looks intact and it will soon expand towards the upside as long the index doesn't collide.