Axis Bank | Bounced off Rising Channel support - DailyAxis Bank bounced off from rising channel support at 760. That price also seem to be a horizontal support area. If the stock holds on to the channel we can expect a considerable move upwards. Notable resistance is at 820 area where life time high falls as well.
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Axisbanklong
AXISBANK Hammer formation - I Have a bullish view.Slight Bullish Harami gives some confidence. This looks interesting because Axis is breathing some fresh air after so many months. If it sustains at this level, I firmly believe that Axis can hit the HHs pretty soon. All because of that YesBank fiasco, I assume.
AXIS long...AXIS break previous high so keep watch and Take Profit...
ENTRY ABOVE 644
Trade manageable lot size and use trail stop to protect your profits from 10 Pips
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Axis Long (If breakdown)...Guys AXISBANK test Supply zone keep watch
Axis trade setup Keep Watch (Bank Nifty Bullish)
entry 604 to 603
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
AxisBank : Dangerous Harmonic Move !Why this one is considered as most dangerous move ? Bcos in Harmonics its quite unsure that whether the potential harmonic will complete as expected or not, so trying to cash in on CD move is most dangerous ever, Harmonic traders will know that. If you are new around to the topic, people use all sort of harmonics,I don't blame them... but sticking to certain set of rules will help you better instead of searching around variations in harmonics.
So why I took this CD move in half way, as there are reasons behind, lower highs can be easily one of them. Next time when you do harmonics, look out for your ratio's !
AxisBank : Early Bird catches the Prey !How is your saturday going ?! Hope the weekend starting off on Good Note. Today morning I was looking for some stocks to accumulate on medium term (4-7 months). AxisBank was one of them which I kept in radar for past 3 months. Though I'm not sharing about all the stocks in My Portfolio, now its time to post it out for you guys as I did LT a year back, we caught Lt around 1050's - 1100's & rode all the way upto 1600's. { Attached that LT post in related ideas check it out to know, how we planned for long term investment }
AxisBank has the same potential of moving up and around our entry zone, we are early here, so wait & confirm bullish reversal before accumulating the stock. I have marked the zone 450's to 470's for entry, use any technique in this zone to accumulate ( averaging, after bullish confirmation or based on pattern). Our stops go below 415's, even if you buy around 470's ( max price ) our risk in AxisBank will be 60 points with reward around 350 points over 4-7 months.
Any of you got confused about the Elliott corrective I have shown above, its irregular correction. I haven't shown this to you in public post, anyway here it is & the corrective wave is perfectly fine, Don't worry !
One more thing I want to clear, Just don't buy bcos I'm investing in Axisbank or I posted the analysis, check for yourself about the fundamental before investing. I'm expecting 800 by Mar'17 in AxisBank, almost 75% increase from here, it will look tempting when compared to Bank Interest rate but risk is involved here. So check your portfolio size and allocate only the amount which you can spare & Take investment decisions wisely.
This is longterm setup, so Patience is the real Key to Success !
By the way if you want any long term investing stock analysis - comment below. I will do the first 2 scrips :)