AXISBANK
SYMMETRICAL TRIANGLE PATTERN BREAKOUT IN AXIS BANK -the stock managed to break-out of the pattern today by taking out crucial resistance level in the market
-on lower time frames stock managed to break above the level of 440
-after lot of failed attempts it managed to surpass that level today
-the stock last traded price(ltp) is at 444
-the stock is now geared up for a big rally on the upside
-join the telegram group for live updates we have already taken trades today in "axis bank"
BTST TRADE IN AXIS BANK
BUY@442
STOP@435
TARGET@454
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
(trade active already)
NEW POSITIONAL TRADE IN AXIS BANK
BUY@445-448
STOP@430
TARGET-1@465
TARGET-2@478
LONG AXISBANKBreakout has been seen in AXISBANK, long AXISBANK with potential retun of 10.00 % maintaining good risk reward ratio of 2:1 approximately.
ENTRY : 445
TARGET : 485
STOPLOSS : 425
DISCLAIMER : This recommendation is for educational purpose only, kindly consult with your investment advisor before initating any trade.
LONG AXISBANKBreakout of triangle pattern is identified in AXISBANK, Long AXISBANK with potential return of 10.00 % maintaining good risk reward ratio of 2:1 approximately.
ENTRY : 485
TARGET : 445
STOPLOSS : 425
DISCLAIMER : This recommendation is for educational purpose only, consult with your investment advisor before initiating any trade.
BANKNIFTY KEY LEVELS SUPPORT AND RESISTANCE 23/06/2020 WEDNESDAYKey Levels for BANK NIFTY : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~22366
FIRST TARGET~22459
INTERIM RESISTANCE~22571
FINAL RESISTANCE~22681
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LOWER BREAKOUT~22238
FIRST TARGET~22152
INTERIM SUPPORT~22048
FINAL SUPPORT~21921
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
HDFC BANK KEY LEVELS SUPPORT AND RESISTANCE 23/06/2020 TUESDAYKey Levels for HDFC BANK : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1033.90
FIRST TARGET~1041.95
INTERIM RESISTANCE~1049.10
FINAL RESISTANCE~1061
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LOWER BREAKOUT~1023.90
FIRST TARGET~1015.95
INTERIM SUPPORT~1008.75
FINAL SUPPORT~998.35
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
BANK NIFTY KEY LEVELS SUPPORT AND RESISTANCE 23/06/2020 TUESDAYKey Levels for BANK NIFTY : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~21806
FIRST TARGET~21937
INTERIM RESISTANCE~22093
FINAL RESISTANCE~22276
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LOWER BREAKOUT~21675
FIRST TARGET~21548
INTERIM SUPPORT~21363
FINAL SUPPORT~21196
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
REPORT OF VARIOUS SCRIPS ANALYSED LAST WEEK PART -2BHARTI AIRTEL
1. In last updated post of this scrip I mentioned that "if pink dotted line in upside is taken out on 2 hrs time frame , then i would like to initiate long position ." y you can check in two hrs time frame it is taken out but with some glitch . See volume of 2nd 2 hr candle is low. This does not satisfy me for long. Here price has to fulfil new condition to go long.
2. The red color dotted line should take out on 1 hr time frame Then with the sl of low of ref candle which cross red dotted line . I will initiate my positional long for the target of white box.
3. On the contrary If price takes out yellow support line on 1 hr time frame , then I will cover my previous week long positions. And will wait for price action near green trend line . If that line is also taken out in 2 hr time frame then I will be bearish on this scrip.
4. All conditions to trade in this scrip are important any relaxation will convert into big ......
ICICI BANK I. In my last update for this scrip I mentioned is quoting for your consideration "but it does not mean that stock fulfilled my condition of going down. till red solid line is not taken out on 2hrs time frame chances price can move up." You can see lower taken out condition not fulfilled and price moved up. All my charts speak themselves with conditions . Because this is the game of conditions . Now further move of this stock is dependent on upper red line if it is taken out in 1hr time frame then blur color zone lower band is my target. That i mentioned in first post of this scrip. otherwise price will consolidate here .
AXIS BANK
1. In this scrip I mentioned is quoting for your consideration " In my last update of this scrip I mentioned is quoting for your consideration " that change of sentiments made my biased now down side. but i will not short till red support is not taken out in 2hrs time frame. till then stock is in no direction range neither long nor short can be initiated without clear break out either sides." You can see the clarity of visualization of move when sentiments changed to down I clearly mentioned red support line condition and confidently wrote I will not short though sentiments are down side . See your self breaching upside gave a fantastic move to upper end of my green line. That is accuracy Of an amateur and non professional person See MR.troller ( gann-elloit-trader). If you can come out of your ego then you can see. This is classic example of my conditions which never put me into jeopardize.
2. Next leg of move will start only when green dotted line and solid zone is taken out in 2 hrs time frame. Other wise price will move into range bound trade between upper green and lower green support. Rest market will decide.
YOGESH VATS
Axis Bank Elliott PerspectiveDo not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Nothing on this video constitutes a personal recommendation. Seek independent financial advice from licenced professionals If you need it.
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KOTAK BANK KEY LEVELS SUPPORT AND RESISTANCE 18/06/2020 THURSDAYKey Levels for KOTAK MAHINDRA BANK : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1258.40
FIRST TARGET~1270
INTERIM RESISTANCE~1284.90
FINAL RESISTANCE~1297.35
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LOWER BREAKOUT~1235.25
FIRST TARGET~1221.15
INTERIM SUPPORT~1209.90
FINAL SUPPORT~1196.90
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
HDFC BANK KEY LEVELS SUPPORT AND RESISTANCE 18/06/2020 THURSDAYKey Levels for HDFC BANK : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~986
FIRST TARGET~994
INTERIM RESISTANCE~1000.75
FINAL RESISTANCE~1006.45
LOWER BREAKOUT~979
FIRST TARGET~968.40
INTERIM SUPPORT~962.95
FINAL SUPPORT~956.30
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
BANK NIFTY KEY LEVELS SUPPORT AND RESISTANCE 18/06/2020 EXPIRYKey Levels for BANK NIFTY : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~20324
FIRST TARGET~20491
INTERIM RESISTANCE~20645
FINAL RESISTANCE~20800
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LOWER BREAKOUT~20099
FIRST TARGET~19950
INTERIM SUPPORT~19756
FINAL SUPPORT~19568
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.