Axis Bank (NSE Cash) Daily Charts (Medium to Long Term) The candles have broken the trendline on 16th March 21. RSI too broke the 50 level but I wouldn't panic as yet because the RSI is showing a reversal. This means that Axis Bank may have corrected itself but it isn't weak on daily charts. There has been a lot of selling as well so we might see a bounce back...
Axis Bank - CMP 736 Stop below 728 Target 750 & 758 Cup and Handle pattern made in RSI
Axis Bank Had Made Symmetrical patterns On Time Frame 15 min And 30 Min Go long Or Short As Per Instruction Taken On Chart
Axis Bank is in a strong resistance zone. Although it is in a strong uptrend, I will wait until breaks and sustains above the resistance zone. (Price Range: 711 - 764)
Note: This is for educational purpose only. There seems to be bullish bounce back from 50 EMA (acting as dynamic support), 61.8% Fibonacci level and last swing low with good volume. Similar pattern can be seen in RSI as well.
axis bank break the trend its rally up to 606
Note: This is for educational purpose only. There seems to be a Inverse Head & Shoulders bullish breakout with good volume. Volume is higher that last ~30 days. There seems to be a RSI bullish breakout as well. RSI at 69 indicates bullish momentum. Buy now or in dips till 640₹ SL = 610₹
As per analysis of Monthly and weekly chart of Axis Bank, First support at 500 Second support at 370
Note: This is for educational purpose only. There seems to be a bullish Inverse Head & Shoulders pattern. Moreover, RSI above 60 indicates bullish momentum.
Axis Bank has broken its Flag & Pole pattern albeit with lower than 20 day MA volume!! One needs to closely watch this scrip now as it may be a false breakout. If the break out is supported with volume spurt then the target is good and will be quickly achieved. But even today the volume is not above the 20 day MA of volume, hence, maintain a very tight SL on a...
DEAR TRADERZ, After a 2 weeks consolidation Axis bank is set to break out, and we are going to see a rally towards 649 & 669 position and swing with a stop @600. This is absolutely swing and positional it can be achieved by next week or it takes time till this expiry. But overall its Bullish. Always trade with proper hedge, to minimize your loss suppose your stop...
This Trade is derived on Probability basis; Do Not Risk more than 3% of your Principal amount;
Axis Bank Limited ( NSE:AXISBANK ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for intraday traders. Target + Stop Loss: There is no target here. You keep the first target as much as the stoploss you put. And the stoploss will be the low/high of the candle that broke this pattern. Or low/high swing backward...
Once again the price is trading near the support area of the channel which is considered as a good buy. If one is entering the market long at the support can aim for the channel top as the target which is almost 100 points AS you see the previous history of the pattern price exactly took support at the channel bottom and rejected at the channel top. Instead of...