Note: This is for educational purpose only. There seems to be an ascending triangle bullish breakout with volume. RSI is above 70 which indicates overbought. There might be some consolidation/ side ways movement before the next up move.
As per my analysis axis bank is is on 34 days high with RSI above 60 that means it will easily give 5-10 % or may be more
If the Banks carry their momentum, going forward, this looks a good buy. Buy above 475 for 480, 485 with SL at 470
See description above. Regards
#RBLBANK #BANKING #BANKNIFTY #NIFTY50 RBL Bank Ltd. CMP: 182.15 Target: 200 / 250 SL: NA If you like my work, kindly donate. :)
All Details available in chart Education Purpose only
Hey Hey traders hope you are doing well, Axis gave a weekly breakout and in possibly uptrend may continue but as you may know price cant move like a single direction, Keeeeeeeeeeeeeeeeeeeep calm and wait for retracement to enter the trade if you have missed it. For better understanding you can contact me anytime -Rv The Trader
Axis bank looks good for 460 mark.. once it breaks 465 and sustain above then go long for target of 510. Note: This analysis for education purpose not for trading.
# AXIS bank long @460 target 486 (short term) long 3 months target 550++
- Axis Bank finally broke out from the ascending triangle. - Laddering some longs 505-480 ( for positional or holding ) - Stop Loss at 450 in case pattern failure. - Target = Height of triangle.
Inverse head and shoulders developing on Axis bank. neckline at 447. Long above 447 for a move to 475
Watch AxisBank going towards its target of 515 but it may face resistance from 473, hence it may go down to 430 and then rise. Levels marked will appear with the sustenance of the candle closing above/below the level.
NSE:AXISBANK Ascending Triangle is sited on AXIS BANK..!
NSE:AXISBANK This stock have potential to go above 457
a. Zone: Moderate Bull b. Resistance 1: 448.40 c. Resistance 2: 451.45 d. Support 1: 439.25 e. Support 2: 434.70 NSE:AXISBANK
Axis Bank (Equity) levels...24/08/2020 (1hr Candle)
The Double Top bearish reversal pattern on 1 Hr Chart.