Axis Bank has good support near 675-690, one can grab near this area to go long for the target of 750. Disclaimer : This Post is for educational purposes only. Please do consult your financial advisor before taking any trade on this post basis.
After completing the bearish breakout target of the channel, Price is moving in a channel. It has created a Breakaway gap pattern on the daily chart. It is indicating bull run ahead. Increasing delivery volume also confirming the same. We can expect price movement up to 730/735 in the near term also expect price movement up to 800/820 in the mid-term.
Axis Bank (NSE cash) LTP: 694.70 Support: 693.80 Resistance: 700.45 Daily charts (long term) The candle has taken support on the 20 DEMA. There is a clear uptrend since 22nd April MACD is neutral because it is trading the bear zone but has green bars and there's a reversal as well. RSI too is trading above 50 which is a good sign. ***Bullish Hourly charts...
Axis Bank Analysis Given In The Chart. Try To Buy In Equity And Book Profit In The Resistance Area. I Would Long In Equity And Will Short In Futures At PRZ Level.
If current support at 628 holds then we may see targets of 690, 750 and 750 is taken then we may see 800 and 860 which may be the high target and resistance. If 628 is broken then we may see 588 and 555.
All the reasons for the trade have been explained in the video. ----HAPPY TRADING
AXIS BANK - 26 APR 2021 - INTRADAY PLAN Good volumes on the buying side. I am bullish for monday 26 Apr 2021
If break out occurs then take long position on aily chart basis. Profit targets and Buy Stop position explained in that image
Axis bank gave a fresh breakout of a channel on a daily time frame. Can come back and retest this channel and then will begin the uptrend.
Can buy for short term as a Bullish engulfing pattern is being made on the daily charts.
Axis Bank at good support and made double bottom, Stock may touch the levels mentioned in the chart. The double bottom looks like the letter "W". The twice-touched low is considered a support level. The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
Axis bank looks like it may take a head and shoulder pattern. If this prediction holds true, we are likely to see Axis bank reach 700 before any divergence.
AXIS BANK levels...16/04/2021 (D Candle)