AXISBANK
SBI LIFE INSURANCE 📈📈Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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#DCBBANK CMP111.25 #Target 124.65 #HDFCBANK #ICICIBANK #AXISBANK#DCBBANK
NSE: DCBBANK
Short Term Quick Profit
CMP 111.25
Target : 124.65
SL : 104
Timeframe < 45 Days
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
AXISBANK_FOR SHORT TERMAXIS bank can show bearishness if BANK NIFTY shows the same.
(for educational purpose only)
Axis Bank Heading towards 700...Axis Bank though made inverse Head and Shoulder but didnt gave as expected move. But now making Double top pattern . i know its too early to predict but my inner consious says it will definitely touch 700 . Will personally short below 738 .
Havells - successfully retested
Havells - successfully retested
#fallingwedge
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
AXIS BANK ascending triangle !!!!!!AXIS BANK ascending triangle formation
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
AXISBANK - HEAD n SHOULDER Breakout soonYou are viewing the weekly chart of Axisbank, which clearly indicates HNS formation has been observed and it is in verge of breaking the neckline, so very soon you can the reaction in the stock.. :)
Axis Bank - Looks like it may fall till min 700 with SL of 766/-Axis Bank at CMP 740/- ooks like Wave 5 has ended and the correction should take it down till min 700 levels. SL can be red line i.e. 765/-.
Intraday levels - 31 May 20211. Simple price action
2. Rising parallel channel
3. Trend lines marked in chart ( use pivots )
Axis BankAxis Bank - Cmp 730.90
Breakout candidate - Looks good for long with 680 sl on closing basis for initial targets of 766-776 and 800.
My view on Axis BankPut eye on axis bank chart
take position as per break down / break out
#AxisBank
AXIS BANK- SOON TO CROSS 1000 ?Axis bank has rallied more than 100 percent from its lows in 2020. However the chart structure suggests that the counter can witness significant up move from the current levels. In the weekly time frame one can see the formation of an Inverted Head and Shoulders. The shoulders are placed in the zone 770- 800 and once that level is taken out convincingly, the stock could test its life high placed near 830 and can move towards 1260/1340 levels. In case of any correction, the downside support in the current formation is placed near 660-600 levels. Overall the counter looks bullish and those with longer holding periods can benefit significantly from the current levels.
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Important Information
Key hurdle for the current formation - 800
Important Support levels for the current formation - 600-660
Targets if the formation is realized - 1260/1340
Analysts
S.V and B.P
We are not SEBI registered analysts and the information provided is solely meant for discussion and educative purposes
Buy Axis BankBuy Axis Bank near 725 Stoploss 700 Target 750-760-768
Study: Inverse Head & Shoulder Pattern Breakout
Good short opportunity for axisbankAs seen in the chart, this stock had a massive breakout(as predicted by me earlier!! chart of that prediction is linked below). Whenever a stock price goes up, usually it comes down 50% of how much it went up, so i expect this stock price to at least go to the 0.3 Fibonacci level that is 733 and on the maximum reach our weekly support level which is at 730. Also if you see the rsi indicator levels are above the 70 line that is its overbought, hence showing a downward move in upcoming days
FY21-22 Swing Trade Idea #43: Long on AXISBANK This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
