Weekly & in Daily TF Axis Bank Seems like Inverse Head & Shoulder (Bullish) Pattern 1.Inverse Head& Shoulders Pattern 2.Making Higher highs in Day Frame 3. Took Recent Support Exactly at Zone Where left Shoulder took Support 4. We can expect Tgt Around 920 *Always Enter With good confirmation & Maintain proper Risk Reward. ******* Knowledge Purpose only...
As per daily chart, Axis Bank has given a Breakout above it's Resistance line with high volume where Momentum indicator has also turned into positive sign. Saying that on lower side it has strong support of 750 along with resistance on 850.
*Pvt Banks* at Breakout level Short term - Mid term buying opportunity in banks. Grab opportunity before its too late.
NIFTY 50 EOD ANALYSIS -30-08-21 IN SUMMARY O / H / L / C 16775.85 / 16951.5 / 16764.85 / 16931.05 H-L = 187 points VIX 13.32 / -0.67% FII DII: +1990 Crores Likely open: Positive but profit booking may kick in if Global cues do not support. CHART BASED CONCLUSIONS NIFTY surprised most as it ended the day above 16900 and a few points away from the ATH...
If it is closed above the trendline then we can see a rally upside.
hello traders i hope this post will be useful to you ask me any ques in comments section thank you *its not a call* i forgot to mention it but according to rsi its also loosing momentum
Break out coming soon.... Wait for blast above 820 Above 775 it can go up to 820 and based on price action at 820 further higher levels can be anticipated
multi-timeframe EMAs daily, weekly, monthly daily ema cross weekly ema cross monthly ema strong bullish trend
Buy @750, SL-746, TGT-760 Sell @743, SL-748, TGT-733
NSE:AXISBANK 1- No long 2- Wait till the stock comes into oversold area (Around 730) 3- Target shall be around 764
Same support level was breached previously after testing the support 3 times. Now it has tested the same support level once and now again it has broken the support level, wait for the red candle to form and go for a short.
NSE:AXISBANK Observations: 1) On Daily Time frame it had formed rounding bottom and breakout it. It was breakout on 9-08-2021. Since then it has been testing the breakout level of it. Which is placed at 754-755 range. And it has been taking support from the range and closing above it, since last 6 days. 2) On Daily Time Frame, it also took support from...
head and shoulder breakout. BUY after descending tringle breakout
∘ Inverted Head & Shoulder Pattern ∘ Bank sector moves Improving to Leading ( RRG )
NSE:AXISBANK Since last 3 days it failed to closed below 755 level and taking support from it. And it has been making triangle pattern on 15min time from since last 3 days. Breakout of this pattern on either side will give good move. Levels and targets are mentioned on the chart. I hope it is easy to understand. Do comment your doubt or suggestion. All...
NSE:AXISBANK Entry should be initiated after the close of hourly bar below the yellow trendline. Targets and SL mentioned on the chart.
Axis bank reversal started after hitting virgin cpr.
Disclaimer :- Trading is very risky please analyze the stock by your own and take the trade on your risk. Levels which are provided above are just for a simple idea about the stock and for educational purpose.