Axis Bank-Intraday-31.10.2023if trigger line crosses above 58.13 may reach to the level of 67.
if trigger line crosses below 47.51, may reach to the level of 34.31
Axisbankintraday
AXISBANK LEVELS FOR MONDAY - 24-10-2022Important AXISBANK Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
AXIS BANK: Peculiar Reversion Or Trend continuation?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 . Demand pressure can lead to the price at the upper band of the parallel channel.
Failure of sustainability above 680 may lead to a new low.
Let market earmark first before you commit to the market.
Axis Bank Chart Analysis for next weekPrimary Trend : Bearish (Monthly)
Secondary Trend: Bearish (Weekly)
Minor Trend : Bearish (Daily)
Bearish momentum will continue until it breaks its major RESISTANCE "776"
Supports are: 713 / 687 & 663
Resistance : 725 / 735 / 750 / 763 & 776
Simple Trade Setup | AXISBANK | 19-01-2022 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1 day time frame, yesterday it gave closing below 200 DMA and also below neck line of double bottom pattern. Today it gave closing slightly at the neckline range of double bottom pattern. But it has faced resistance from 200DMA.
Please refer below chart : 1day Time Frame.
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Trade Setup for 19-01-2022
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 | AXISBANK | 17-01-2022 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1day time frame, we can see that after giving breakout of double bottom pattern neckline, it came back and closed above neckline. From here it has chance to bounce back if the re-test of this breakout gets successful.
And if this neckline is broken then we can see fall as it is already trading below 200DMA.
Please refer below chart : 1day Time Frame.
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Trade Setup for 17-01-2022
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 | AXISBANK | 10-01-2022 [ INTRADAY ]NSE:AXISBANK
Observations:
1) On 1 day time frame, we can see it failed to close above 200DMA and face resistance from it and made bearish spinning top candle.
Please refer below chart : 1 day Time Frame.
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Trade Setup for 10-01-2022
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 | AXISBANK | 07-01-2022 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1 day time frame, it is near it's big resistance which is 200DMA.
If it trades above it then we can see a good upmove. And if it fails to trade above then we can see down move.
Positive thing is that, it closed above yesterday's closing. Immediate support is 720 level.
Please refer below chart : 1 day Time Frame.
2) Also On 1day time frame, we can see it has made double bottom pattern and closed above neck line of it.
Please refer below chart : 1day Time Frame.
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Trade Setup for 07-01-2022
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 | AXISBANK | 25-10-2021 [ INTRADAY]NSE:AXISBANK
Trade Setup for Date 25-10-2021:
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 respective level considering how price action works near that level.
Simple Trade Setup | AXISBANK | 22-10-2021 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1hr time frame we can see that it took support from the middle trendline of parallel channel.
The same channel was already represented in my previous ideas.
Now this middle trendline will work as supprot and the upper trendline will work as resistance.
Please refer below chart : 1hr Time Frame.
2) On 15 min time frame, it has made double bottom pattern. And now it is just below the breakout neckline zone.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 22-10-2021:
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 respective level considering how price action works near that level.
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.
Simple Trade Setup | AXIS BANK | 29-09-2021 [INTRADAY]NSE:AXISBANK
Observations:
1) On Daily Time Frame, we can see that it is still getting support from the parallel channel.
Today it got support from the middle line of parallel channel.
Please refer below chart : Daily Time Frame.
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Trade Setup for Date 29-09-2021:
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++++++++++++++++++++++++IF IT SUSTAIN ABOVE BLUE ZONE GO FOR BUYING SIDE ++++++++++++++OR++++++++++++++
++++++++++++++++++++++++IF IT STAYS BELOW BLUE ZONE GOR SELLING SIDE +++++++++++++++++++++++++++++++++
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS GOOD}---------------------------------
====FOR EDUCATIONAL====
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 INTRADY LEVELSHey Guys You Can Try to Take Advantage Of My Analysis For AxisBAnk Intraday 15Mins Chart With Simple Price Action For 18 Feb 2021,If Take Trade Based On my analsis Please Let Me know That Will Make Me Happy :)
