Banknifty analysis for next weekBanknifty Weekly analysis for 17october.
Analysis based on Zones...............................................
AXISBANK
Axis approaching breakout #axisbank
Good pattern formation on weekly charts.
In daily charts it's a breakout, but won't take it becoz of low RR.
Waiting for weekly breakout to enter
#vr
Axis Bank - Will it break or not?Axis bank is continuously moving in a channel. Now it made a bowl pattern at its resistance level from where it can give a 2-3% rise if breaks.
Another point is that we can see a good fall if it faced rejection. It can later go up to the lower level of the parallel channel .
As of today, it closed with good volume if the market opened in a good range then we can see good buying in AXIS BANK, which lead us to the target of 830 from our current position and the second target of 850 (where it previously faced resistance)
If the stock faced resistance then we can see consolidation for some time and that consolidation will decide its upward and downward direction for the downward direction we are having the support of 785 and the second support at 750.
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
Preparing for a BO ?????>In a consolidation zone dec 2018
>7th approach to resistance i.e - 815
>6th approach post 2020
> Trading above 200 MA in both weekly & daily chart
>Strong Bounce from 200 MA on a daily chart
AXIS BANK: Three Black CrowsStock has witnessed selling pressure from the previous swing resistance on the daily chart and formed a Bearish reversal candlestick pattern which is know as Three Black Crows. Prices have also broken the rising trend line established from Jun'22 low of INR 618.25 which suggest that prices may face more weakness in the coming days.Hence any retracement from the current level should be taken as selling opportunity for the downside objective of 700 zone which is fibonacci 61.8% retracement level of the previous rally.
In the Three Black Crows Candlestick Pattern, all the three candles have bearish close consecutively.
Each candle opens and closes progressively lower than the first.
Each candlestick should have big real bodies and very small or no shadow.
Trading strategy: Sell on rise near 760-770 keeping SL of 794 and look for the target of 720/694
AXIS BANK - DAY CHART - 26.09.2022 - BAHAVAN CAPITALAXIS BANK as per Daily chart analysis stock Below 738 then Target is 732 / 722 / 714.
With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183.
I have Bought Vedanta and will continue to buy more stocks during this correction.
Happy Profitable Trading to all..
Happy Navaratri wishes to All...
[POSITIONSL] AXISBANK LONG IDEAAXISBANK is currently trading at a big resistance zone that is trying to break it. This Resistance zone has touched 5-6 times in the past but could not breach it.
If AXISBANK breaks this resistance zone it is a very good candidate to go long for target of 1000-1100s .
Entry :- 825
SL :- 722 (Last swing low)
Target :- 1022
Please Note:- AXISBANK is almost at ATH also the overall markets (NF/BNF ) are near ATH. So there is a chance of correction, pullback even after the break of this zone (due to overall market conditions ) so we have to be cautious. We will wait for the closing Above entry point for two days before taking this trade.
Axis Bank HUGE BREAK OUT on the cardsNSE:AXISBANK
780 stop loss
Poised for all-time high
Open for views
Axis Bank Chart Analysis for next weekAxis Bank:
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Price Volume relationship:
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Monthly: Volume decline & Price up (Something fishy)
Weekly: Volume is supporting the Price movement but the last candle showed rejection from the top.
Day: Yes Volume is supporting price decline.
Now, look at the Red trendline & Black trendline intersection part, If goes below then further decline we can expect else vice-versa.
Axis bank - Channel breakout Channel is as marked on the chart. Breakout, target & SL is as shown on the chart
This is my view and for educational purpose only
WATCH FOR A TRENDLINE BREAKOUTAXIS BANK :
1) The stock looks good above 647.50
2) Wait for the trend line breakout to take entry
3) The last candle indicates a strong buying pressure with 0% rejection from opposite force
4) Target levels are mentioned in the chart
AXISBANK T1 Hit, T2 Updated !!NSE:AXISBANK
#NSE:AXISBANK shared and reached T1 and heading towards T2 levels updated.
AXISBANK 75m.. Cup and Handle within Head and ShouldersAXISBANK 75m chart is exhibiting a cup and handle bottom formation within a broader tilted Head and Shoulders formation. Bulls and bears fighting for dominance, although bulls seem to be winning with this cup and handle in place.
Would be interesting next few days to see which side the tide turns and therefore which side do we need to turn and enter our position.
Axis bank Ready for 800
Trendline Breakout
Check stock like Grasim, India Cement, Lic Housing how it moves after Trendline breakout in Bullish market
Long term target 850
AXISBANK Cup & Handle !!NSE:AXISBANK
#NSE:AXISBANK formed beautiful #Cupandhandle pattern.
Closed above resistance level. sustained above the level may show good momentum.
AXISBANK - Ichimoku Bullish Breakout Stock Name - Axis Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 783
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Axis bank 15 min Axis bank can be longed until the Trendline support does not break , a possible retraction until .236 level will be. A good entry. Long term targets coming out to be 767,775 (refer to pink lines)
Axis Bank: Good Support #axisbankGood Entry for Swing Trader
Entry: 740-750
Exit: 800
Good opportunity to get a nice return. Sell at 800 and analyze the trend and wait for entry.
#axisbank
Axis Bank IntradaySome upside movement possible in axis bank above 752.
Note - Before taking trade do your analysis,
Trade with strict SL and manage your risk.
