AXIS BANK SHORT-TERM SWING TRADE! Hi everyone, Axis bank short term swing trade consider buy above: 685 target: 708 stoploss: 675
LOGIC BEHIND TRADE: Stock has recently given correction & formed double bottom pattern & given break out of it`s resistance and pull back above 685 stock will continue it`s journey upto 708. (Target is identified from harmonic xabcd pattern level 0.786) stoploss is taken previous swing low of pull back, RR is good for short term swing trade in this stock. NSE:AXISBANK
AXISBANK
AXIS BANKShort Axis Bank between 812-815 with SL 821
Target 795-791
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Intraday Trade Logic in AxisBank on 14 Dec 2021Today watch out the levels for AxisBank .
wait for the Double confirmation for the Best ebtry and the stoploss
Target Where your greed Ends...Lol
Don't Advice to take the trade on my Levels. Take it on your own risk
I will not be Responsible for any kind of loss & profit
Axis Bank, At its 11 Year old Strong Support!Axis Bank, at Break or Make point. It is exactly at a support, which holds this script for Twelve long years. We can expect a 35% return in this script.
i.e a Target of 920-935.
Don't miss the Discount sale!
Disclaimer - I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only
Axis Bank : Failed Inverted H&S patternAXiIS bank showing failed inverted head and shoulder pattern.this neckline
resistance was attempted to be broken in 2019 and two times in 2021 but failed
daily momentum is in bear zones and weekly and monthly momentum also has gone sideways.
trend indicators are bearish on all timeframes
A trade opportunity exit with initial target till next swing low and stop loss at neckline for swing or positional trades
AXIS BANK AT CRUCIAL SHORT TERM SUPPORTAXIS BANK: Looking at it through curved trendline, It seems to be at a crucial support an has the chances of rebounding for nearly around 4 -5% of return. Another confirmation would be 0.786 Retracement level of the previous trend. And after so huge fall expectation of a dead cat bounce is not at all superficial. The dual confirmation of curve Trendline and Retracement makes it a good bet.
Targets remains to be 779 and 799. Stop-loss would be below 740 on closing basis.
CHART & ANALYSIS BY - ADARSH DEY
#MARALOVER MARALOVERMaral Overseas Ltd.
#MARALOVER
NSE:MARALOVER
NSE:MARALOVER
CMP: 87.35
Target: 125
SL: 75
RR Ratio > 3
Time Frame < 6 Months
Almost 45% return expected.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#KREBSBIO KREBSBIO #NIFTY BANKNIFTY #NSE #BSE #HDFCBANK #SBIN Krebs Biochemicals And Industries Ltd.
NSE:KREBSBIO
NSE:KREBSBIO
CMP: 175.40
Target: 250+
Time frame: < 6months
SL: 148
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Do You Buy after Good result in a stock? Must See this -AXISBANKSTOCK MARKET MYTHS -
There are many misconceptions people have about how stock market works and how it actually works. In this series we burst these myths or clear misconceptions so people can make wiser decisions in trading/investing.
Myth Number 1- A stock will go up after good result.
Reality - A stock may fall big even after very good results. Taking decision based on this information give you no edge and you will loose over long term. Big market picture is always given highest priority and buying/selling decision should be taken on this.
Example - AXIS BANK, declared results on 26th October, highest ever quarterly profit. Next day - instead of up move fall of 6%.
I too had this misconception earlier so please comment if you too thought same now or at some point of time. :)
Learn price action and trade wiser.