Axis bank is all set to move towards its all time high, by making an inverse H&S pattern. Entry should me made after breakout, Buy @cmp for a target of 1025, horizon:14W
Currently trading in a engulfing pattern which can give breakout on either sides. Swings will be restricted to the resistance and support zones. Expect breakout in next 4-7 sessions.
Look for axis bank to cross and 760 can be easily achieved within a day or two
AXIS BANK GO LONG FOR THE TARGET 725 in next two trading session with STRICT STOP LOSS 710
Long Axis above 715 TGT 750 SL 703. Also if stock able to sustain after the BO of TL then resistance level can be seen broken & all time high price can be seen in next week. This is for your educational purpose only.
BUY AXIS BANK ABOVE 717 STOPLOSS BELOW 700 ON CLOSING BASIS TARGET 740-765
Risk is more than 0.5% so maintain position sizing please
Axis Bank is in downtrend and has broken its support level of 688. It has a gap between 677 and 681 which can be filled. If the downtrend continues short it below 677. Do not short if the market is +ve i.e do not trade in reverse. Intraday Levels : Buy above 689 ...targets -> 695 , 700 SL 685 Sell below 677 ...targets -> 671 , 665 SL 681 TIP : Wait for 10...
Axis Bank is Looking good for long swing
Stocks in My WatchList for long swing *Sbi life Insurance. Cmp 1000 *iciciprudential Cmp 561 *HDFC Cmp 2496.75 *Bajaj Finserv Cmp 11318 *Icici Lombard CMP 1449.95 *Axis bank Cmp 716 *PFCL Cmp 108.65 -Paurik Trivedi
cup and handle pattern with tested support level and 20 MA's indicator shows long run for this stock. R/R 1:1.71
Follow the channel until broken
# 28.04.2021 Looks good buy around 692 stoploss 686.95 Target 706.55 CMP 708.15 Buy for a tgt 706.55 of SL 686.95 It is just a view, pls trade at your own risk
Axis bank ready for move within the week. Mostly the momentum is towards long and the RR as well.