NSE:AXISBANK has convincingly broken the 50 day moving-average preceded by a strong pin-bar. Now the levels near 485 should be watched as it should prove decisive for further trend of the stock.
The left side of the bullish Gartley pattern completed.Right side is under formation.The glory and shining of private banks seems to be come to an end.At least a down trend up to 320 is possible.
WatchOut for ICICI Bank Potential Breakdown of a long term channel, as it has failed to move up to test upper line for the third time, A break below can take it all the way down towards 200. Axis banks results were also not very supportive. Shorts Can be taken with an SL above recent highs and for the Targets of 225, 205
Bearish Cypher in making. Wait for PRZ
Axis bank is excitingly poised for a trend reversal. This could happen at the 360 support levels or earlier. The stock is currently showing a bullish engulfing pattern on weekly chart. This stock has been range bound between 360 and 640 over the past 30 months. Will update once major indicators confirm trend reversals.
Axis Bank has been trading in down trend channel,it closed with breakout of channel, traders may enter long in axis bank with a target of 479 in near term and small stop loss if breakout proves false.
Axis Bank may see a down move from this level as the aforesaid pattern seems to be taking shape.
Axis Bank has sustained 445 to 450 lvls very well. Quick upside can be expected ahead
It is been observed on the daily chart that the price action was trading below downward trend line indicated downward trend. Now, It has broken above the downward trendline, indicating a further move up to 23.8 fibs levels. Target 1: 464 Target 2: 474 Stoploss: 440
Axisbank is forming an Ending Diagonal which is also complete.. I would be buying Axisbank at current levels for Target of 550 and above and stoploss around 420 levels..
Axis Bank going according to my previous analysis which target hit on friday, now the next target which Axis Bank is heading around 429 and next 400 in near term. Axis bank has been trading in downtrend channel and already has reversed touching the bearish channel resistance and approaching the support. next week will be deciding for axis bank if market remain...
I feel it breaks the triangle for a short, first target would be 458.
Axis Bank after braking up trend has been trading in a volatile manner, steep fall, gap down as we see on chart, it is still trading in the same fashion and due to bank nifty impact it also recovered today and tomorrow it may test the channel resistance 488-490 and again it is not looking strong enough to make breakout upward. It may reverse after touching the...
Dear Traders, Descending Triangle formation on 15mins chart in Axis Bank. Most probably to break the bottom of triangle and 50 EMA staying above the price. It seems bearish. Sell below 494 Target 488 Points Gain - 6
How many of you believe traditional patterns like H&S or iH&S wont work? Lets see how Axisbank plays out on Inverted Head & Shoulder. * Retest of Inverted Head & Shoulder * Trendline Breakout
Axis Bank has completed a clean 5 waves down and was among the few stocks that did not close in the red today despite the Nifty going down by 100 points. Feel that a corrective bounce is due now in the range of 508-533. Any comments
How is your saturday going ?! Hope the weekend starting off on Good Note. Today morning I was looking for some stocks to accumulate on medium term (4-7 months). AxisBank was one of them which I kept in radar for past 3 months. Though I'm not sharing about all the stocks in My Portfolio, now its time to post it out for you guys as I did LT a year back, we caught Lt...
It is been observed that the price action is been forming flag patterns on daily chart, and successfully breaking out from them and reaching to measured moves targets. It is wonderful to see how nicely it respects breakout. In current scenerio, 514 shall act as crucial support. The price action shall move below and close below 514 levels to further go down....