AXISBANK
Axis BankAxis Bank (NSE Cash)
Daily Charts (Medium to Long Term)
The candles have broken the trendline on 16th March 21.
RSI too broke the 50 level but I wouldn't panic as yet because the RSI is showing a reversal. This means that Axis Bank may have corrected itself but it isn't weak on daily charts.
There has been a lot of selling as well so we might see a bounce back when the short positions are being squared off in this week.
Hourly Charts (Medium to Short Term)
A very strong support is seen at 708 levels and the resistance is at 754 and 764 levels. Keeping the daily chart study in mind, we may see a strong rally upwards.
An hourly downtrend has been broken on Friday as well which increases my confidence that we might see a strong up-move soon.
Also, there is a bull indicator in my RSI (divergence) which again is a good sign that this week may prove to be very good for Axis Bank.
Axix Bank Cash Market Levls 03-03-2021Im Not SEBI Regt.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial.
📊 #Axisbank #banknifty #niftybank #nifty #nifty50 🎯 short side target below PRZ and if find reversal der go long from der
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Beautifull Pattern Today in AxisBankAxis Bank was in my watchlist for today I was waiting for it to break the pattern and i did not Enter right after the Break out i waited for it to form a structure then entered the trade and made Good Profit.... Thats the reason i keep telling not to take positions right after the breakout... :D
Stock might head higher towards 770/785/800NSE:AXISBANK
Stock has been trading in a bullish triangle pattern over the last few trading sessions and has finally given a breakout on Friday along with a positive MACD crossover
A decisive break above 755 will take the stock towards 770/785/800 in the coming days as long as 735 is held on closing basis.
All ideas shared are for educational purposes.