Axis Bank has Seen fresh breakout of Consolidation I am Buying Axis bank Future August around CMP 742 with Stoploss of 729 And Targets Expected are 772
Reason To Buy Axis bank:
# Ascending Triangle Pattern Breakout
# Bank Sector & Pvt Banking Looking Bullish
# Stock Trading above 20,50,100,200 EMA
Axis bank has been in the consolidation phase for more than 15 months. Prices fall rapidly after the crossover of 50 & 200 EMA . We can draw two control lines which can be helpful for target measurement.
If the price enters into the parallel channel, and after retracement sustains above 680 , traders can trade for the following target of 692 - 714 - 752 ....
Axis Bank (NSE cash)
LTP: 694.70
Support: 693.80
Resistance: 700.45
Daily charts (long term)
The candle has taken support on the 20 DEMA.
There is a clear uptrend since 22nd April
MACD is neutral because it is trading the bear zone but has green bars and there's a reversal as well.
RSI too is trading above 50 which is a good sign.
***Bullish
Hourly charts...
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.
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 .
Thank You
Disclaimer: It should not be...
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.
Hi Traders,
In the last week's post, I mentioned in my statement point no . 2 is quoting for your consideration " Next leg of the move will start only when green dotted line and the solid zone is taken out in 2 hrs time frame. Otherwise, the price will move into range-bound trade between upper green and lower green support." . You can see...
BHARTI AIRTEL
1. In last updated post of this scrip I mentioned that "if pink dotted line in upside is taken out on 2 hrs time frame , then i would like to initiate long position ." y you can check in two hrs time frame it is taken out but with some glitch . See volume of 2nd 2 hr candle is low. This does not satisfy me for long. Here price has to fulfil new...
Key Levels for AXIS BANK : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~411.40
FIRST TARGET~415.15
INTERIM RESISTANCE~420.05
FINAL RESISTANCE~425.70
*******************************
LOWER BREAKOUT~405
FIRST TARGET~402.35
INTERIM SUPPORT~398.95
FINAL SUPPORT~394.45
My views are for educational purposes only.
Please trade with caution and consult your financial adviser...
