Axisbank has today has given breakout and closed above 447 tomorrow we may see huge short covering in this stock likely to test 456/564/475/490 in short term
Axis Bank has formed a cup and handle pattern
Axis bank has been in a downtrend for 3 weeks mainly due to the RESULTS it announced on 21 July. The level it is now had been tested multiple times. So it can be expected to MOVE UPWARDS . But keep in mind the possibilty it has to further move down . So please wait and watch till it indicates a clear up trend. An important point to look is bank nifty....
Hi guys this is Trader Kanishk this is the Analysis for DMART & AXIS BANK Points discussed in the video: Why to go long has it taken support trendline breakout new support levels new targets new stoploss levels entry levels for sharp entry and many more. Please Watch the entire video and GO for It DISCLAIMER Every thing i have discussed in this video is only...
On Monday, a Gap up in Banknifty and price hold level 335 for some movements can trigger good buying in Axis Bank. Support and Resistance area placed in the chart. Only this scenario to buy otherwise trade cancel. let's see, what happens in Axis Bank! Disclaimer:- your capital at risk. Consult your financial advisor before do anything and do own analysis research.
as the price is at its support of the trend line, still Wait for the price to fill its second probable gap and the price can take the support from here and can take a reversal, As still, the positive trend is in a strong position.
As per Technical Analysis, Axis Bank in One Day Chart Pattern has made an ascending triangular pattern and on 22/07/2020 has a breakout above the upper trend line. Projecting a Target of 580 in next 30-35 days.
Based on CPR concept , coming Monday we can see breakout on Axisbank, possibilities are very high. If in any case breakout not possible than we can see selling with big volume but changes are less.
The price took support from the trend line. Long position can be taken, watch out for bank nifty before trading.
I hope you can now see how the AxisBank represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
My Long trade on Axisbank is active (its a positional trade for a week or maybe more) entered when CMP was 536.5 SL is below 530.7 (6 Points) TGTs: 460/475/500 This was discussed in the video I had posted yesterday on my views. Everything is in the video on why I carried out the trade. Please check. Link: www.youtube.com Disclaimer: These are just my views,...
After breakout we can see good movement.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Hiii this is trader kanishk today Axis bank we dont have to buy these type of stocks still watch this full video important information shared. thank you.
Hi , I have added all the rules in the chart , please follow to reap profits.
AXISBANK near term levels can be 450 Support is around 374. Breakout from 450 can lead to 470-480 levels Updated on: 1st July 2020 1.30pm Disclaimer: Only for Learning Purpose.
Hi Traders, In the last week's post, I mentioned in my statement point no . 2 is quoting for your consideration " Next leg of the move will start only when green dotted line and the solid zone is taken out in 2 hrs time frame. Otherwise, the price will move into range-bound trade between upper green and lower green support." . You can see...
-the stock managed to break-out of the pattern today by taking out crucial resistance level in the market -on lower time frames stock managed to break above the level of 440 -after lot of failed attempts it managed to surpass that level today -the stock last traded price(ltp) is at 444 -the stock is now geared up for a big rally on the upside -join the...