Axis Bank Short Call20 Dec 2020
Axis Bank
Consolidation breakout on downside.
Target Price 550.
Target Date: 22 Dec 2020
AXISBANK
LT - Buy on break of resistanceLT - Buy if sustains breaks and sustains above 1280 with SL below 1250 - Tgt Open
AXIS BANK - Trade AccordinglyAxis Bank is showing signs of accumulations if breaks upside can buy with a sl below 585
Axis Bank - Intra Idea - Watch out levels on chart#axisbank Watchout for 594 level, above that can show 600
Weak below 590-589 levels
AXIS BANK Support LevelsAs per analysis of Monthly and weekly chart of Axis Bank,
First support at 500
Second support at 370
AXISBANK - PNP & Master Candle consolidationPole and Pennant - Currently the previous gap is being filled.
Past 5 Days consolidating with 4 candles within Master candle range of 618-20-594.05.
Buy above 620
SL 592.
TGT 613/623/633/643
* Read 523 as 623
AxisBank Technical Analysis - 60min Chart BasisMonday Morning AxisBank up movement is there - 610 to 616
After it will down to target 587 to 580 step by step (as per lower timeframe structure)
Reason: now stock is Correction side 4th wave
it has to make reverse to 5th wave so stock should reach previous high point or reach 1 st wave retrace level
then it gets lower high and lower low to target step by step (build by lower timeframe structure)
it takes some days to reach target
So Becare Friends
AXIS BANK = ENTER @ DIP buy @ dip near 595-98 level
for another rally
disclaimer - for study purpose only
Axis Bank Triangle PatternCurrently Axis Bank Formed Triangle Pattern.
It is expected to move in uptrend... Stop loss mentioned in the chart
Axis Bank- Swing Trade Idea
- Near Breakout/ Breakdown
- Flag Pattern formation in progress near resistance
- Crucial Fib levels
- Low risk entry
- Use appropriate stop-loss
AxisbankDescending Triangle breakout
and testing upper resistance line now
Overall Its Ranging in between 600-640
A break above 640 likely to fetch 670-695.
A break Below 598 may Fetch 575-550
AXIS BANK : Buy for the Last ThrustTrading plan :
Go long above 630 keeping SL of 620
Tgt 1 : 650
Tgt 2: 670-75
Axis Bank - Inverse Head & Shoulder PatternNote: This is for educational purpose only.
There seems to be a bullish Inverse Head & Shoulders pattern. Moreover, RSI above 60 indicates bullish momentum.
Axis Bank Broken the Flag Pattern!!Axis Bank has broken its Flag & Pole pattern albeit with lower than 20 day MA volume!!
One needs to closely watch this scrip now as it may be a false breakout.
If the break out is supported with volume spurt then the target is good and will be quickly achieved.
But even today the volume is not above the 20 day MA of volume, hence, maintain a very tight SL on a close basis...
Cheers!!
AXIS BANK POSITIONAL VIEW - LONG SIDE - HOLDSREASONS
>>>. trianlge breakout
>>>: flag formation breakout
>>>: retesting breakout support line @ 612 level
THIS SERIES BUY FOR SWING TRADERS POSSIBLE @ CURRENT LEVEL
OR AT A DIP TOWARDS SUPPORT LINES
WITH 650-660-AS TARGET ZONE ON RADAR
disclaimer - trade @ own risk
Axis bank - Triangle breakout - long tradeAxis bank - on verge of triangle breakout - wait for breakout with volumes
Current Price - 615.5
Entry - Above 618.5
stop loss - 602.5
Target 1 -639, Target 2 - 664
AXISBANK whole banking sector is super bullish.NSE:AXISBANK
whole banking sector is super bullish and volume is too high so we will go for long as soon as our level will come with proper stop loss
