Axisbanklong
AXIS BANK ANALYSISAs per hourly price action
Axis bank is trading in Rising wedge pattern Also Axis Bank create Second lower high and bounce back from support area zone.
rsi also cross 60 level in hourly timeframe .
Buy area Above Only 753 target 1 : 760 Target 2 :766 Target 3 : 774
Stop loss : 730
AXISBANK - HEAD n SHOULDER Breakout soonYou are viewing the weekly chart of Axisbank, which clearly indicates HNS formation has been observed and it is in verge of breaking the neckline, so very soon you can the reaction in the stock.. :)
AXIS BANK- SOON TO CROSS 1000 ?Axis bank has rallied more than 100 percent from its lows in 2020. However the chart structure suggests that the counter can witness significant up move from the current levels. In the weekly time frame one can see the formation of an Inverted Head and Shoulders. The shoulders are placed in the zone 770- 800 and once that level is taken out convincingly, the stock could test its life high placed near 830 and can move towards 1260/1340 levels. In case of any correction, the downside support in the current formation is placed near 660-600 levels. Overall the counter looks bullish and those with longer holding periods can benefit significantly from the current levels.
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Important Information
Key hurdle for the current formation - 800
Important Support levels for the current formation - 600-660
Targets if the formation is realized - 1260/1340
Analysts
S.V and B.P
We are not SEBI registered analysts and the information provided is solely meant for discussion and educative purposes
FY21-22 Swing Trade Idea #43: Long on AXISBANK This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Axis Bank - Potential Bullish ScenarioAxis Bank has been in a clear uptrend for many months. The correction which started in February seems to be over now as the downtrend line has been invalidated. A change in market structure has been observed with the formation of higher high and higher low. RSI has been curving up, supporting the Bullish momentum.
The targets which I am looking at:
Target 1: 772
Target 2: 799
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Axis Bank is going for bull run cup and handle pattern with tested support level and 20 MA's indicator shows long run for this stock. R/R 1:1.71
Axis BankAxis Bank (NSE cash)
LTP: 694.70
Support: 693.80
Resistance: 700.45
Daily charts (long term)
The candle has taken support on the 20 DEMA.
There is a clear uptrend since 22nd April
MACD is neutral because it is trading the bear zone but has green bars and there's a reversal as well.
RSI too is trading above 50 which is a good sign.
***Bullish
Hourly charts (medium term)
the candles have taken support on the 20 DEMA here as well.
RSI is making a bullish pattern called the rounded bottom. We can see a breakout once this pattern is completed.
MACD is in a correction mode in the bull zone.
***Bullish
15m charts (short term)
Bullish engulging pattern along with a confirmation candle can be seen.
MACD has a bullish reversal.
RSI is in an uptrend heading towards breaking the 50 mark.
***Buy for a short term target of 710 / 715
AXIS BANK fresh breakout from a channelAxis bank gave a fresh breakout of a channel on a daily time frame. Can come back and retest this channel and then will begin the uptrend.
Axisbank in a good risk reward setupAxisbank taking support at the lower end of the channel. Last time channel breakout on the upper side failed. Now it is taking support at the lower end of the channel with a long stick. Planning to take trade on upside with SL @ 695 (or lower end of channel for safe traders) for a first target of 775 to 800.
Axis BankAxis 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 when the short positions are being squared off in this week.
Hourly Charts (Medium to Short Term)
A very strong support is seen at 708 levels and the resistance is at 754 and 764 levels. Keeping the daily chart study in mind, we may see a strong rally upwards.
An hourly downtrend has been broken on Friday as well which increases my confidence that we might see a strong up-move soon.
Also, there is a bull indicator in my RSI (divergence) which again is a good sign that this week may prove to be very good for Axis Bank.
AXISBANK INTRADY LEVELSHey 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 :)
Axix Bank Cash Market Levls Axis Bank Had Made Symmetrical patterns On Time Frame 15 min And 30 Min
Go long Or Short As Per Instruction Taken On Chart
AXISBANK LONGAXISBANK gives excellent breakout from previous RESISTANCE levels, can touch 800+ in coming days.
BUY in the range of 670-680
Target 1 - 742.05
Target 2 - 767.70
Target 3 - 889.90
Target 4 - 1012.70
Stoploss - 634
