Axis Bank Swing trade Buy Nifty 50 : Educational Idea Only Not a Buy Sell Advice Follow for more learning price action analysis
Pattern : Ascending Pattern
Type Bullish
Green Rectangle is Major Support
Entry Confirm After
RSI Divergence Cross Dotted Middle Line 0
Reason : on Big Time is in Uptrend
Reason 2 Fib. Confirmation
Tgt 1 is 949-957
tgt 2 976-980
SL...
#AXISBANK
This will be talk of the town for next week. Just see and understand what I want to say you. Share your thought me at in comment Section. Don't miss this opportunity
Idea Credit: Vikas Benz
let’s rock again on
AXIS BANK
Buy Above 910
sl 890
target 920-980-1020
max 1.5 month
AS ITS MAKING OUR SETUP WITH MINIMUM SL AND MAX TARGET
Remember the name
TRADE BEARS AND BULLS
LEARN AND EARN
LIKE SHARE AND COMMENT YOUR VIEW
buying axis bank on close abv 861 or cmp
breakout trade
target and stop shall be shared once it gets triggered
or trade @ own risk
going for far OTM 900 ce @ 2.2 buying
AXIS Bank trading at 874 Levels
very strong breakout on monthly chart
if October month candle (which is going to close on 31st october)
closes above 880 level can see good move on 2023
Stop loss will be below the breakout candle
Do your own analysis before take a trade
Price coming from weekly demand zone.
Execution points of supply & demand zone are marked.
No supply zone on higher time frame because price previously reacted from all time high.
As we have seen in chart there is a fresh breakout in weakly Time Frame in the Axis Bank So after the closing of the weak we initiate buy position for target of 882 and 990 in upcoming 2 or 4 months with having SL of 803 closing basis
Axis bank is continuously moving in a channel. Now it made a bowl pattern at its resistance level from where it can give a 2-3% rise if breaks.
Another point is that we can see a good fall if it faced rejection. It can later go up to the lower level of the parallel channel .
As of today, it closed with good volume if the market opened in a good range then...
>In a consolidation zone dec 2018
>7th approach to resistance i.e - 815
>6th approach post 2020
> Trading above 200 MA in both weekly & daily chart
>Strong Bounce from 200 MA on a daily chart
AXISBANK is currently trading at a big resistance zone that is trying to break it. This Resistance zone has touched 5-6 times in the past but could not breach it.
If AXISBANK breaks this resistance zone it is a very good candidate to go long for target of 1000-1100s .
Entry :- 825
SL :- 722 (Last swing low)
Target :- 1022
Please Note:- AXISBANK is almost at...
Axis Bank:
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Price Volume relationship:
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Monthly: Volume decline & Price up (Something fishy)
Weekly: Volume is supporting the Price movement but the last candle showed rejection from the top.
Day: Yes Volume is supporting price decline.
Now, look at the Red trendline & Black trendline intersection part, If goes below...
AXIS BANK :
1) The stock looks good above 647.50
2) Wait for the trend line breakout to take entry
3) The last candle indicates a strong buying pressure with 0% rejection from opposite force
4) Target levels are mentioned in the chart
![AXISBANK: [POSITIONSL] AXISBANK LONG IDEA](https://s3.tradingview.com/7/75e9snsS_mid.png "[POSITIONSL] AXISBANK LONG IDEA")
