The price lying on trend line and may break the trend line with the support of MACD trend strength. Trade: Buy - 509.50 Target 1 - 514.00 Target 2 - 517.50 Stop Loss - 504.50
One can trade in the blue range pattern with fixed stop lose or go with the trend as soon the channel is broken which is having high probability of a swing trend.
This is follow up for previous trade setup on Axis, it has been in range from the day I entered & Same with LT ( I love it, so I won't blame it , yes partiality ) . You can use this setup for re-entry chances only if it suits your plan. But Axis is testing our patience like anything... All I feel now is this "Stuck in Middle with you " Same as the song lyric goes...
Now the MA are looking in favor for the price to lift up, besides Axis bank have great potential to move upwards.
Why this one is considered as most dangerous move ? Bcos in Harmonics its quite unsure that whether the potential harmonic will complete as expected or not, so trying to cash in on CD move is most dangerous ever, Harmonic traders will know that. If you are new around to the topic, people use all sort of harmonics,I don't blame them... but sticking to certain set...
After a brief up trend Axis bank is in accumulation zone between 530 to 480 for more than two months, as we know no one can time the market but either way the breakout will be big.As the trend is bullish I am looking for a long trade in the following scenario, Buy near 500 - 490 levels as per ones comfort with stop loss @478 for the target 575 R:R 1:3 and 1:6...
Axis Bank is short n sweet, nothing complex I hope :)
2 strong days for Axis bank. Can it breach the resistance? Buy above 519. SL - 513. Experts and mentors kindly share your opinion
Buy Axis Bank around 500-503 cmp (501.75) for intraday target 516 + with a small sl at 496. Incase axis bank opens tomorrow below cmo of 501.75 then please avoid the trade.
RSI showing over sold, Can go long with tgt 1 of 508.8,t2-512
Triangle pattern formation on Axis Bank. Macd Bullish crossover on above '0' barrier. Trade: Buy above - 518.50 Target 1 - 524.50 Target 2 - 529.00 Stop Loss - 513.50
for educational purpose only - it seems that axisbank is failing to hold the breakout so if it comes below 508 then go short with sl of 517 for tgt of 490.
for educational purpose only - axis bank has successfully hold 509 (fib 0.382) so next target is 558-562. buy it with sl of 504.
It is been observed on the Daily Chart that the price action forming an inverse bullish Head-N-Shoulder pattern indicating a bullish move ahead. It shall perform well once the price action breaks above 500 levels to confirm a breakout of the pattern trendline . Target: 520 Stoploss: 474 *Kindly note that the trade shall be active once the price action breaks...
Falling Wedge on Axis Bank and may break upside. Trade: Buy above - 487 Target - 492 Stop loss - 483
Symmetric Triangle on Axis Bank. NOTE: if RBI policy on positive then go long otherwise false break-out may happen. Trade Buy above - 488.50 Target 1 - 491.50 Target 2 - 493.50