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 ....
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.
-------------------------------------
Trade...
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...
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.
-------------------------------------
Trade Setup for 10-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for...
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)...
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...
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...
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...
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...
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.
-------------------------------------
Trade Setup for Date 29-09-2021:
1) Don't Jump in to trade at the beginning of...
++++++++++++++++++++++++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...
Axis 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...
Hey 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 :)
![AXISBANK: Simple Trade Setup | AXISBANK | 19-01-2022 [INTRADAY]](https://s3.tradingview.com/y/yGEsDwU8_mid.png "Simple Trade Setup | AXISBANK | 19-01-2022 [INTRADAY]")
![AXISBANK: Simple Trade Setup | AXISBANK | 17-01-2022 [INTRADAY]](https://s3.tradingview.com/p/PIL26rs5_mid.png "Simple Trade Setup | AXISBANK | 17-01-2022 [INTRADAY]")
![AXISBANK: Simple Trade Setup | AXISBANK | 10-01-2022 [ INTRADAY ]](https://s3.tradingview.com/r/rsBaFjRf_mid.png "Simple Trade Setup | AXISBANK | 10-01-2022 [ INTRADAY ]")
![AXISBANK: Simple Trade Setup | AXISBANK | 07-01-2022 [INTRADAY]](https://s3.tradingview.com/z/ZG1TPfQR_mid.png "Simple Trade Setup | AXISBANK | 07-01-2022 [INTRADAY]")
![AXISBANK: Simple Trade Setup | AXISBANK | 25-10-2021 [ INTRADAY]](https://s3.tradingview.com/u/uzUmSQJb_mid.png "Simple Trade Setup | AXISBANK | 25-10-2021 [ INTRADAY]")
![AXISBANK: Simple Trade Setup | AXISBANK | 22-10-2021 [INTRADAY]](https://s3.tradingview.com/r/rX6vCHlp_mid.png "Simple Trade Setup | AXISBANK | 22-10-2021 [INTRADAY]")
![AXISBANK: Simple Trade Setup | AXISBANK | 18-10-2021 [ INTRADAY ]](https://s3.tradingview.com/a/AsZLhuS0_mid.png "Simple Trade Setup | AXISBANK | 18-10-2021 [ INTRADAY ]")
![AXISBANK: Simple Trade Setup | AXIS BANK | 05-10-2021 [INTRADAY]](https://s3.tradingview.com/v/vWo7Xwqa_mid.png "Simple Trade Setup | AXIS BANK | 05-10-2021 [INTRADAY]")
![AXISBANK: Simple Trade Setup | AXIS BANK | 29-09-2021 [INTRADAY]](https://s3.tradingview.com/l/lCq7qLff_mid.png "Simple Trade Setup | AXIS BANK | 29-09-2021 [INTRADAY]")
