Buy Axis Bank @ 828 SL Below 815 Triple Bottom Formed and Demand Zone Tested.
Buy Axis Bank @ 828 SL Below 815 Target 870, 900.
AXISBANK
#Axisbank Analysis Stock after taken support again near BO level forming round bottom pattern with good volume, follow chart for proper entry and exit levels. As banking stocks are posting good numbers, so strong point for long.
AXIS Bank Triangle patternAxis Bank is testing the resistance of the triangle pattern, breakout with good volumes will give a good rally.
axis bank chart explained as per setup
the earlier resistance got cracked out with volumes
during the current nifty down move,
the stock witnessed support at 800-820 zone
now a breakout above 875 would be a confirmation of long
with a stop below 845 for target 925-940.
STOCKS TO KEEP ON RADAR FOR UPCOMING SESSIONSNSE:PIDILITIND
Stocks to keep on the radar for upcoming sessions.
1. Pidilite
2. Axis Bank
3. OFSS
4. PEL
5. MFSL
All stocks have a bearish bias and the analysis is explained in the video
This is only for educational purposes only.
Always trade with stop-loss.
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Happy Trading!
Axis Bank: What does it say?Technical Analysis :
Here are some key points to note about Axis Bank's chart:
1. Successful Breakdown of Head and Shoulders Pattern : The chart shows a successful breakdown of a head and shoulders pattern, which is typically a bearish signal. This suggests that there is a downward pressure on the stock price.
2. Failure of Double Bottom Pattern : The chart also shows a failure of a double bottom pattern, which is another bearish signal. This further reinforces the idea that the stock price may be headed lower.
3. Below 20-day Moving Average : The stock price is currently trading below the 20-day moving average, which is a bearish signal. This indicates that the stock is in a short-term downtrend.
4. Weak Support : The chart suggests that there is weak support for the stock price at its current level. This means that if the stock price continues to fall, there may not be strong support to prevent further declines.
5. Highest Open Interest at 800 Price : Based on the above factors, it is possible that the stock price could fall to the 800 price level, which is where the highest open interest is currently located . This means that there are a large number of open positions in the options market at this price level, which could act as a support level for the stock price.
However, it is important to note that this is just a possibility and the stock price could also move in a different direction.
Good Buying Opportunity, Excellent RRThe Stock is moving in a HH Pattern and looking like the correction in over.
Axis bank case studyBullish alter shark pattern formation
Bullish divergence on RSI with respect to price
Demand zone as per previous swing high/low
Axis bank case studyDemand zone as per previous life high levels
RSI at support of ascending trend line..
CIP concept of price action,
Upside Possible. RR 1:2.4Scrip showing strength and there is a possibility of upside in good RR. if we are getting the scrip near 840 then it can be a good trade. keep this scrip in radar.
AXIS BANK TP 1330Axis bank retested previous all time high and Ascending triangle Monthly BO zone 820, can expect pattern next target which come around 1330.
ResistanceTechnical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Script = Axis bank
Time Frame = 15 min
Axis bank Range Breakout RetestedAxis bank was in a range and has given its breakout with a very bullish candle and gave no chance to trade at that time but now the price seems to have RETESTED breakout level and started moving taking support from that breakout area.
Entry can be made at the current market Price of 867
Stop Loss would be at the last Swing i.e. 823
Reward - it shows a target of 1000 and there is long term resistance also at 1000
#AXISBANK Upward movement potential RISk:REWARD =2.09#AXISBANK Upward movement potential with risk: reward ratio 2.09.
BUY at 861 with SL 839 and Target is 904
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Axis Bank CnH BO and retesting done #AxisBank had break out at 825 and now retested the same.
Top class Private sector bank. Can see 910/1000/1100 in coming months
Evening StarAn evening star is a candlestick pattern used by technical analysts to predict future price reversals to the downside.
Although it is rare, the evening star pattern is considered by traders to be a reliable technical indicator.
The evening star is the opposite of the morning star pattern. The two are bearish and bullish indicators, respectively.
Script = Axis bank
Time Frame = 15 min
AXIS BANK Hourly looking bullishAXIS BANK Hourly has trendline breakout / Inverted head n shoulder breakout.
Good to buy at 861 for target of 890 with sl below 850
Ascending Channel An ascending channel is used in technical analysis to show an uptrend in a security’s price.
It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively.
Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
Script = Axis bank
Time Frame = 15 min
AXISBANK✅ Price respecting 812-851 Level for long time and now price cone to zone.
✅ On reversal you can look for Long.
✅ But on 1hr. time frame price will respect 904-916 level and this level it act as continuation level.
✅ If price don't hold 812 level then you can look for short on retest with reversal.
Bullish HaramiA bullish harami is a candlestick chart indicator used for spotting reversals in a bear trend.
It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days.
Script = Axis Bank
Time Frame = 15 min
Axis Bank on support and generated bullish harami candleThe results were good and after 951 stock has corrected to good level.
At support level and we have a confirmation of bullish harami candle.
Tomorrow once the high is taken out the stock has the potential to move up
