18/10/2021 Research Report For AXISBANKDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single ruppe, please do your own rerearch according to your risk taking capacity and after that do invest and book profits on right time.
Buy Below 802 or Maximum 811
Target 1: 820
Axisbankbuy
Simple Trade Setup | AXISBANK | 18-10-2021 [ INTRADAY ]NSE:AXISBANK
Observations:
1) On 1 day time frame, it is taking support from 21DMA.
Currently 21 DMA is placed at 789.68 level.
From OI data, We can establish that immediate resistance is at 810 and major resistance is at 820 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see that it is in parallel channel support zone area and took support from middle trendline of it.
Upper trendline will work as resistance. Sustainable breakout of it will give bullish move.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | AXIS BANK | 05-10-2021 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1hr time frame, if you remember it has been taking support from parallel channle, as I had explained in my previous post about AXISBANK trade setup, so it has been still in that support channel.
I will put that previous tradesetup of axis bank so that you can refer that channel again.
It has taken and bounce back from the bottom line of that parallel channel and now it will have the middle line of parallel channel as critical resistance.
Breakout on middle trendline will give up move.
Please refer below chart : 1 hr Time Frame.
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Trade Setup for Date 05-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
AXISBANK: Inverse head and shoulder, and Triangle breakout.I found this stock a week ago. I found a good Inverse head & shoulder and triangle breakout in the Axis Bank stock. Actually, the risk-reward ratio is very good in this stock. So, I took entry in this stock. I found that two patterns in the daily timeframe. So, you guys can also check it. Thank you!
Axis Bank Seems like Inverse Head & Shoulder (Bullish) PatternWeekly & in Daily TF Axis Bank Seems like Inverse Head & Shoulder (Bullish) Pattern
1.Inverse Head& Shoulders Pattern
2.Making Higher highs in Day Frame
3. Took Recent Support Exactly at Zone Where left Shoulder took Support
4. We can expect Tgt Around 920
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a profit or will not result in a loss.
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
Simple Trade Setup | 18-08-2021 | AXIS Bank NSE:AXISBANK
Observations:
1) On Daily Time frame it had formed rounding bottom and breakout it. It was breakout on 9-08-2021. Since then it has been testing the breakout level of it. Which is placed at 754-755 range.
And it has been taking support from the range and closing above it, since last 6 days.
2) On Daily Time Frame, it also took support from 50DMA today. Only one concern is that 21DMA is below 50DMA.
Please refer Chart below: daily time frame.
3) Only one concern is that on 15min time frame, RSI has made higher high since Previous day closing to today's closing while Price made lower high.
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Trade Setup for Date 18-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | Axis Bank | 16-08-2021NSE:AXISBANK
Since last 3 days it failed to closed below 755 level and taking support from it.
And it has been making triangle pattern on 15min time from since last 3 days.
Breakout of this pattern on either side will give good move.
Levels and targets are mentioned on the chart. I hope it is easy to understand.
Do comment your doubt or suggestion.
All the best for next week and enjoy your weekends.
AXIS BANK LONG.AXIS BANK is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback.
A long trade can be initiated on the daily timeframe.
LONG ABOVE : 752
SL : 732
TGT 1 : 772
TGT 2 : 792
All explanation and levels marked on chart.
AXIS BANK- SOON TO CROSS 1000 ?Axis bank has rallied more than 100 percent from its lows in 2020. However the chart structure suggests that the counter can witness significant up move from the current levels. In the weekly time frame one can see the formation of an Inverted Head and Shoulders. The shoulders are placed in the zone 770- 800 and once that level is taken out convincingly, the stock could test its life high placed near 830 and can move towards 1260/1340 levels. In case of any correction, the downside support in the current formation is placed near 660-600 levels. Overall the counter looks bullish and those with longer holding periods can benefit significantly from the current levels.
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Important Information
Key hurdle for the current formation - 800
Important Support levels for the current formation - 600-660
Targets if the formation is realized - 1260/1340
Analysts
S.V and B.P
We are not SEBI registered analysts and the information provided is solely meant for discussion and educative purposes
Axis Bank - Potential Bullish ScenarioAxis Bank has been in a clear uptrend for many months. The correction which started in February seems to be over now as the downtrend line has been invalidated. A change in market structure has been observed with the formation of higher high and higher low. RSI has been curving up, supporting the Bullish momentum.
The targets which I am looking at:
Target 1: 772
Target 2: 799
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.