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
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.
Multi year breakout - Must be on your watchlistAXIS Bank trading at 874 Levels
very strong breakout on monthly chart
if October month candle (which is going to close on 31st october)
closes above 880 level can see good move on 2023
Stop loss will be below the breakout candle
Do your own analysis before take a trade
Axis Bank Wave Analysis: SIP, Levels, 1800+ in coming years! July 2, 2024: AXIS Bank Market Analysis
Current Market Price: 1261.90
General Trend:
After the COVID crash of 2020, Axis Bank hit a high of 865 on October 21st , 2021, completing Wave 1 and entered Wave 3 after completion of wave 2 on June 16th 2022.
The stock is currently in a bullish mode and it's in extension, having completed subwaves 1 and 2 of Wave 3 and it has broken out of a consolidation zone and is looking to surge ahead with subwave 3 of Wave 3.
Ichimoku Cloud:
Applying the Ichimoku cloud to the chart shows that prices are trading above the Monthly, Weekly, and Daily clouds. Hence, there is a high possibility of the stock entering Wave 3.3.3 after small dip near 1150-1170 that will be our 3.3.2 subwave.
Entry and Exit Points:
Long-Term Perspective: The demand zone was a good area to buy the stock; however, we expect a retest of this zone, which can be a good opportunity for those who missed buying Axis Bank earlier.
> SIP Mode is best for long term.
Expected Target:
Once Axis Bank gives a breakout above the recent high, it is expected to hit the first target of Rs. 1529 .
The next target could be Rs.1859 and even 2000+ possible in couple of years. These targets are derived based on the application of the Fibonacci extension and channels.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
AXISBANK - Ichimoku Breakout📈 Stock Name - Axis Bank Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1273.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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AXIS BANK: Breakout CandidateAfter a long consolidation and a complex corrective structure concluded at Apr'24 low of INR 995.7, stock prices have given very sharp up move. This suggests that stock is likely to give a breakout very soon and extend the gains towards INR 1250 in the coming days and week.
Axis bank looking bearish on higher time frame.
Axis bank has been trading around the higher level and is forming a base near 1030 zone. Both side movement can be there in the stock and confirmation is need for the entry to trigger.
But the stock on the weekly chart is showing some bearish RSI divergence and the dropping strength can be the initial signal of a bearish move.
On the daily charts, it is around the 200 ema. Either it will breach the levels or take support from the same. Watch for the levels and price action.
If the stock starts trading below the 1028 level and even close below it, next month expiry derivatives can be traded for the bearish momentum in the stock.
Major bearish target levels :- 980, 950.
Entry :- Close below 1028 levels.
Positional/ swing trade can be initiated in the stock for the next month expiry and trailing SL must be kept to limit the lose and capture the move.
Wait for the price action near the level before entering the trade.