Get started

AXISBANK

AXIS BANK- SOON TO CROSS 1000 ?Axis bank has rallied more than 100 percent from its lows in 2020. However the chart structure suggests that the counter can witness significant up move from the current levels. In the weekly time frame one can see the formation of an Inverted Head and Shoulders. The shoulders are placed in the zone 770- 800 and once that level is taken out convincingly, the stock could test its life high placed near 830 and can move towards 1260/1340 levels. In case of any correction, the downside support in the current formation is placed near 660-600 levels. Overall the counter looks bullish and those with longer holding periods can benefit significantly from the current levels. . Important Information Key hurdle for the current formation - 800 Important Support levels for the current formation - 600-660 Targets if the formation is realized - 1260/1340 Analysts S.V and B.P We are not SEBI registered analysts and the information provided is solely meant for discussion and educative purposes
NSE:AXISBANKLong
by binuppaul
1
Good short opportunity for axisbankAs seen in the chart, this stock had a massive breakout(as predicted by me earlier!! chart of that prediction is linked below). Whenever a stock price goes up, usually it comes down 50% of how much it went up, so i expect this stock price to at least go to the 0.3 Fibonacci level that is 733 and on the maximum reach our weekly support level which is at 730. Also if you see the rsi indicator levels are above the 70 line that is its overbought, hence showing a downward move in upcoming days
NSE:AXISBANKShort
by jashdoshi
FY21-22 Swing Trade Idea #43: Long on AXISBANK This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:AXISBANKLong
by onerighttrade
2
Axis Bank - Potential Bullish ScenarioAxis Bank has been in a clear uptrend for many months. The correction which started in February seems to be over now as the downtrend line has been invalidated. A change in market structure has been observed with the formation of higher high and higher low. RSI has been curving up, supporting the Bullish momentum. The targets which I am looking at: Target 1: 772 Target 2: 799 P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
NSE:AXISBANKLong
by johntradingwick