Axis BankAxis Bank: Preferably Z and alternately ZA done at top (one minor high possible as internal C5). Sell the rise positional..
AXISBANK
Axis Bank from 26 Jan 2021Axis Bank will move upside for targets of 720 --> following the fib sequence
Strategy recommended:
1.--> Buy at cmp --> then at each 5% drop
2---> Target at 1.10 CMP
BuyBuy Axis Bank in the zone of 695-675 with sl below 615 for target of 850
Disc : it's not an investment advice to buy or sell
Axis Bank Long 635 Level was Resistance breakout took place and was retested again
Now a Big Bullish candle formed showing Demand is there. At top 758 level has Resistance
AXISBANKBULLISH PATTERN HERE.
WE HAVE SEEN BULLISH ENGULFING CANDLESTICK PATTERN .
PATTERN HAS ORMED NEAR SUPPORT AREA.
AXISBANK LONGAXISBANK gives excellent breakout from previous RESISTANCE levels, can touch 800+ in coming days.
BUY in the range of 670-680
Target 1 - 742.05
Target 2 - 767.70
Target 3 - 889.90
Target 4 - 1012.70
Stoploss - 634
Axis Bank - Disjoint Channel patternPrice forming a disjoint channel pattern and trading near the strong support level. Risk takers can enter the market long with tight stop loss below the support level with buffer.
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No Buy or Sell calls strictly :)
Axisbank is in an important level zone Axis bank is in an important level zone'
Take advantage of this level.
Disclaimer:- Just for educational purpose only
AXIS BANK | TRADING IN A CHANNELAxis Bank at perfect place! Don't Miss!
If it breaks the channel & started trading downside then there will be a good shorting opportunity...
If market remain bullish on Monday then one can make a Long position at this place with very small SL
Chart of the Week (16/01/2021): Axis BankAxis Bank looks like a good buy candidate as it has given good breakouts on all trendlines. Even a downward sloping resistance line has now been cut and should act as a support. Another rationale is that other banks (ICICI Bank, Kotak Bank, HDFC Bank) have run up and are at 52-week high/ATH. Maintain Stop Loss at Rs.640 and targets at Rs.765 and then at Rs.820 (ATH). The one negative thing on this chart is the Negative RSI Divergence, but divergences can act only as confirmation/support and should never be a rationale for trading. Hence one needs to be cautious.
