AXISBANK
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.
Axis Bank - 680 / 688 by 15th JanAxis Bank is at a resistance level of 680. If it crossed 680, it will reach 688.
Near to weekly trend lineNSE:AXISBANK after consolidation of more than one month it has given a break out and now near to weekly trend line. If breaks upward and sustain then more upside.
Positional View for Axis bank for 08 JAN 2020Guys i am posting daily views for all Nifty50 stock in a similar manner . See the related idea for the link
AXISBANK
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Current Position is Buy, bought on 07-JAN-2021 at 661.15
Action for Next Trading Day: Continue LONG and reverse to SHORT if AXISBANK closes below 659.37
Performance since 28 OCT 2020
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Rs 237.34 Profit per share with 10 Winning Trades and 3 loss Trades.76.92% Success Trades
Last 5 trade performace
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Action/From date/to Date/Profit(loss) Rs per share
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Sell 10-DEC-2020 to 22-DEC-2020 38.84
Buy 22-DEC-2020 to 30-DEC-2020 38.41
Sell 30-DEC-2020 to 05-JAN-2021 -5.46
Buy 05-JAN-2021 to 06-JAN-2021 25.13
Sell 06-JAN-2021 to 07-JAN-2021 -6.48
AXIS BANK IS IN BULLISH MODE ?Just drew some Support & Resistance Lines on AXIS BANK chart, Will Axis go up from here ? 20 more days for Results! If it sustains the support levels at 650, it may touch 707 and then 735.
Just sharing my Ideas, feel free to discuss/correct :)
Box Breakout in BANKNIFTYBANKNIFTY finally broke the upper resistance of the box that was there for a while. Good time to go long. It may retrace to the upper level of the box before going any further so be aware of the same since doji has formed. Keep this in mind and keep looking at price action.
Now, upper targets are open for the week:
Target 1: 32140
Target 2: 32460
Axis Bank and ICICI Bank have finally become strong. They can be bought for medium to long term as well. Kotak and HDFC seem weak.
Note: Post only for education purposes.
Trade setup for Axis bank for 06 JanAfter a good bull run yesterday , we can expect a short covering in the morning session and any dip is a buy opportunity.
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !
AXIS Bank Crossed above Ascending channel support at monthly TFAXIS Bank - Crossed above Ascending channel support line at monthly time frame
Target 1 : 762
Final Target : Ascending channel resistance R3 zone
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
BuyAxis is set for 850 + levels in coming 3-4 months. Holding 560 on daily closing basis is the key. Sellig put of 640 with cover at 600 can be implemented. 700-710 is the likely target in next 2-3 sessios.
Disc : it's not an investment advise to buy or sell
Axis Bank - Near Resistance line - @mayurdharodNSE:AXISBANK is near the resistance line. Third attempt to break it. Usually stocks break out on the 4th attempt. Lets see Axis bank breaks or not. Volumes today indicate a good chance.
AXIS BANK WEEKLY ANALYSIS.Axis Bank testing the upper line of the channel. now we are looking for a bearish wave to the lower line again but we need more confirmations... another update soon.
Axis Bank - INHS Bullish BreakoutNote: This is for educational purpose only.
There seems to be a Inverse Head & Shoulders bullish breakout with good volume. Volume is higher that last ~30 days. There seems to be a RSI bullish breakout as well. RSI at 69 indicates bullish momentum.
Buy now or in dips till 640₹
SL = 610₹
🚀#axisbank #banknifty #niftybank #nifty #nifty50NSE:AXISBANK
everything you can see on charts then why you need perfect numbers , just try please try little hard if you really want to leant chart reading.
******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.
0201.20201 axis intradayin strong res. if upper breakup it can expect 640,
if lower breakout 1st target 617 2nd target 610
Axis bank found "W" pattern in it! let's see what will happenHello Trader's
hear is the chart of Axis Bank
key points positives
-found "W" pattern
-almost ready to breakout
-9&18 EMA Crosse over
-BB is positive
key Negative points
-volume's are decreasing
-all momentum indicators shows Divergence
-RSI ,Macd, Momentum indicator etc
conclusion: - volume is decreasing
if volume come with breakout
then we will enter in this trade
unless wait for retest and then enter in it.
stay updated , stay healthy>>>
Long in Axis BankFlag and Pole Breakout on Daily time frame, expecting a good move in the coming week. Good breakout with Volume and EMA's also in Positive state. MACD on Weekly time frame is in Positive state, Stochastic is in Buy mode. overall Good setup for the Long.
