Axisbankbuy
AXIS BANK fresh breakout from a channelAxis bank gave a fresh breakout of a channel on a daily time frame. Can come back and retest this channel and then will begin the uptrend.
Axis BankAxis 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 when the short positions are being squared off in this week.
Hourly Charts (Medium to Short Term)
A very strong support is seen at 708 levels and the resistance is at 754 and 764 levels. Keeping the daily chart study in mind, we may see a strong rally upwards.
An hourly downtrend has been broken on Friday as well which increases my confidence that we might see a strong up-move soon.
Also, there is a bull indicator in my RSI (divergence) which again is a good sign that this week may prove to be very good for Axis Bank.
AXISBANK LONGAXISBANK gives excellent breakout from previous RESISTANCE levels, can touch 800+ in coming days.
BUY in the range of 670-680
Target 1 - 742.05
Target 2 - 767.70
Target 3 - 889.90
Target 4 - 1012.70
Stoploss - 634
Axis Bank - INHS Bullish BreakoutNote: 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₹
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everything you can see on charts then why you need perfect numbers , just try please try little hard if you really want to leant chart reading.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Axis Bank - Inverse Head & Shoulder PatternNote: 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 Broken the Flag Pattern!!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 close basis...
Cheers!!
AXISBANKBuy after breakout,
TGT: 700
SL: 600
BUY @ CMP- 620
IF U MAKE PROFIT, PLEASE SHARE SOME AMOUNT OF PROFIT WITH ME
{ LOST JOB DUE TO COVID }
PAYtm: 7908088509 (no call)
AXISBANK Buy signal at 442 support at the trend lineI 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
AXIS BANK BUY INTRADAY;
This Trade is derived on Probability basis; Do Not Risk more than 3% of your Principal amount;
AXISBANK - Ascending Triangle Bullish BreakoutNote: 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.
AxisBank LongI 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 the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Elliot Wave analysis of Axis BankAxis Bank could potentially be in the beginning of the 5th wave according to EVT. Trade at your own risk!
