Axis bank trading idea The stock is trading near support zone and a bound from the current level is possible
One can enter when there is any reversal sign.
AXISBANK
Investment Levels for Axis BankLong term Investment levels for Axis Bank...💸💵
refer levels in chart...
Axis Bank - 16th June 2022Stock entering Value Buying Zone.
Long Term Investors may start accumulation in this 650-580 Range.
AXISBANK 60 MINlong trade can be initiate in axis bank for the target of 675 to 680 odd levels
entry point 657.00 with the Stoploss of 649.90
NOTE :- Let the price come to the buying Zone and observe what price action take place
if the price come in the buying zone and after that hourly candle close above the 657 mark than entry point is valid ...otherwise can close below the buy zone and hit the SL
AXIS BANK - DOUBLE TOP PATTERN 1D - BEARISH In this Axis Bank 1D time frame, A beautiful Double Top pattern occurs.
Currently it's retesting. After Retesting there will be chances to fall.
I marked the next resistance level below, can go for shorting.
AXISBANKConsolidating in a range of 200 points. One can accumulate close to support zone for long term investing.
AXISBANKAxisbank has given good breakdown of 20HMA along with bottom of parallel channel in hourly and apart from theses it has also broken support trendline with good intensity of volume.
This stock has fallen below 20DMA which is pegged near 668, Also recent rally ended at RK's Stop line (key level line) near 700.
Overall wave structure is suggesting that corrective phase is going on as a wave W-X-Y, where after completing wave W & X, now wave Y is unfolding as a zig-zag pattern, and in wave Y possibly wave A and B has completed and now wave C is unfolding, If wave C is going to be equal to wave A then we are directed towards south near 540 areas.
significants
Overall wave structure on daily time frame chart
Rejection at RK's stop line along with RK momentum sell activated
RK's momentum is also turning negative crossover in daily chart
macd in hourly running negative
MACD in daily turning/converging Negative below zero line
MACD in weekly running Negative below zero line
RSI in daily down tick and near below 40
RSI in hourly down tick and below 40
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
AXIS BANK - 27th May 2022Stock in Support Zone - Break of Zone in either direction can result in move towards targets highighted on Chart.
Be Cautious on Downside Breakout as sharp reversals can happen
AXIS BANK BULLISHFocus Axis Bank makkale. Long term accumulate panaravanga take a view and also focus for swing and short term with strict stoploss.
Still NIFTY is in SELL ON RISE trend,so manage the risk.
Thank you for following.
#axisbank Swing trade opportunity NSE:AXISBANK
stock taken support from one of strong support level. target mentioned on trailing basis on chart.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
AXIS BANK: Peculiar Reversion Or Trend continuation?Axis bank has been in the consolidation phase for more than 15 months. Prices fall rapidly after the crossover of 50 & 200 EMA . We can draw two control lines which can be helpful for target measurement.
If the price enters into the parallel channel, and after retracement sustains above 680 , traders can trade for the following target of 692 - 714 - 752 . Demand pressure can lead to the price at the upper band of the parallel channel.
Failure of sustainability above 680 may lead to a new low.
Let market earmark first before you commit to the market.
Short Axis BankStock Name: #AxisBank
Action: Sell
Entry: 768.80
SL: 783.50
Target: 724.80
NSE:AXISBANK
Axis Bank technical analysisAxis short term pullback or reversal?
buying opportunity.
positive momentum
Axis Bank - 11th May 2022Medium Term View
Stock in Sideways Trend
Prices bouncing from 660-620 Levels.
Low Risk Entry for Medium Term.
Break of Support Area decisively on two consecutive Weekly closing bars can lead to further price correction to 500 Levels and below
AXIS BANK DAILY CHART ANALYSIS AS ON 02.05.2022AXIS BANK on a daily chart has formed a Morning Star Doji and stock above 739 for a Target 745.
Bank nifty key levels for the upcoming few weekBank nifty might face a consolidation for a few days
Fundamental factor
1. war-like situation in the market.
2. most Chinese cities are under lockdown.
3. due to LIC IPO we could see a sell-off in the stocks for some time.
4. Fed might hike the interest rate due to increasing inflation.
So, overall there is a lot of fear In the market
(REMEMBER ALL THE BULL RUNS START WHEN THERE IS PANIC IN THE MARKET YOU CAN TAKE THE RECENT EXAMPLE OF THE WAR)
Technical reasons
1. the level of 35500 is imp because it lies at a 50% fib level and according to price action it is a good support.
2. 200ma is resisting the 37000 level and 50ema is also resisting the market.
3. so overall there are a lot of resistances in this zone so this is a no trading zone.
WHEN TO BUY?
1. there is a gap formed at the levels from 37200 to 37600 and the market tends to fill gaps with a big momentum like in the past.
2. So, we could go long once it breaks the no trading zone and 1700 points target could be achieved
Axis Bank - Double Top PatternAxis bank has formed a double top pattern and a confirmation on the RSI Divergence.
All of the markings are as shown on the chart.
This is my personal view and for educational purpose only.
Should we expect Head and shoulder in axis bank?I'm hoping to see an head and shoulder pattern in axis bank on daily timeframe, as it's near supply zone.
Please feel free to guide me as im still learning basics of supply and demand zones and how to combine patterns with them for confirmation.
Should we expect an head shoulder in axis bank from here?As axis bank is near a supply zone, i'm assuming we can see downfall of axis in coming week. I'm still learning basics of supply and demand zones. Please feel free to give me helpful advices here.
YR 2022 Idea #29: Long on AXISBANK This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
