Axis Bank is looking for a good candidate to long above 820 for the upper marked targets.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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. ...
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...
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from...
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.
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Trade Setup for Date 29-09-2021:
1) Don't...
Simple Positive reverse divergence on Axis Bank.
850 is a target coming in very very soon.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
After a triangle breakout , a healthy consolidation will push Axis bank to move towards 850 as soon 820 levels will be broken. Do take advantage of this move and keep it in your watchlist
AXISBANK has been staying above 800 for the last couple of days closings. The strength in BankNifty also suggests that banks may have a quick burst upwards. The risk reward supports a Long entry for the short term around 805. Targets would be 840, 860 and 900. Stop Loss would be any closing below 785 on daily basis.
Disclaimer - I have a position open on...
![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]")
