I will buy AXISBANK because :
It has been taking support at the trend line .
It has touched the trend line 4 times and has not been able to break it.
So will be looking at buying opportunities.
Entry : 442
Target : 535
Stop loss : 417
Note: This is for educational purpose only.
There seems to be an ascending triangle bullish breakout with volume. RSI is above 70 which indicates overbought. There might be some consolidation/ side ways movement before the next up move.
I hope you can now see how Axisbank represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
On Monday, a Gap up in Banknifty and price hold level 335 for some movements can trigger good buying in Axis Bank. Support and Resistance area placed in the chart. Only this scenario to buy otherwise trade cancel. let's see, what happens in Axis Bank!
Disclaimer:- your capital at risk. Consult your financial advisor before do anything and do own analysis research.
As per Technical Analysis, Axis Bank in One Day Chart Pattern has made an ascending triangular pattern and on 22/07/2020 has a breakout above the upper trend line. Projecting a Target of 580 in next 30-35 days.
I hope you can now see how the AxisBank represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
-the stock managed to break-out of the pattern today by taking out crucial resistance level in the market
-on lower time frames stock managed to break above the level of 440
-after lot of failed attempts it managed to surpass that level today
-the stock last traded price(ltp) is at 444
-the stock is now geared up for a big rally on the upside
-join the...
May retrace to 390 as per Fib Levels. If it breaks 50 EMA, then will move towards 370 or else take support at the EMA. It will be bullish only above 425.
Axisbank at its support zone @379.50
if it go below 379.50
can sell (range - 379-377)
Target 1st - 371
2nd- 368
(For Intraday)
SL - 389.55
AND if it go above 381.90
can buy
tg. 1st - 384
2nd - 388-90
(For Intrday)
SL - 376
BTST TRADE IN AXIS BANK
VIEW
:-200-DMA TAKEN OUT
:-RISE IN OI+RISE IN PRICE
:-RESISTANCE OF 730 TAKEN OUT
TRADE IN FUTURES 28TH NOV CONTRACT
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
BUY@731
STOP@721
TARGET 1@741
TARGET 2@751
LOT:1200
QTY:2
PLEASE NOTE:
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH...
