AXISBANK
AXIS BANK & DMART Analysis and trading setup |hindiHi guys this is Trader Kanishk
this is the Analysis for DMART & AXIS BANK
Points discussed in the video:
Why to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Axis Bank ViewOn Monday, a Gap up in Banknifty and price hold level 335 for some movements can trigger good buying in Axis Bank. Support and Resistance area placed in the chart. Only this scenario to buy otherwise trade cancel. let's see, what happens in Axis Bank!
Disclaimer:- your capital at risk. Consult your financial advisor before do anything and do own analysis research.
Axis Bank Trade Setup BTST Trade !!!Axis bank is in ascending triangle at a breakout point.
Above the mention price point it will give you some nice momentum but the view is invalid below 425.
what can go wrong , If bank nifty fall drastically then this will get stopped out .
otherwise everything align according to me , let the where the market goes.
Expecting a breakout soon in AXISBANK ?From the last few trading sessions it is observed that AXISBANK was trading in a range and forming triangle pattern between the resistance and support levels.
Green trend line is acting as a strong resistance shown by green dots and one could enter long if that trend line is breached and axisbank moves above 441.
Similarly, lower red trend line is acting as a good support for AXISBANK and it failed to close below it as shown by red dots and keeping this in mind one should assume that if that trend line is breached and stock moves below that support levels we can enter the short trade below 430.
Both Entry points also acts as our stop loss in case stock retraces back showing false breakout in either direction, targets will be 10-20-30-40 pts. from Entry Points in both side trades.