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.
AXISBANK 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
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₹
NSE:AXISBANK 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.
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...
Buy 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)
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
This Trade is derived on Probability basis; Do Not Risk more than 3% of your Principal amount;
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...
Axis Bank could potentially be in the beginning of the 5th wave according to EVT. Trade at your own risk!
Axis Bank has formed a cup and handle pattern
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.