Box Breakout in BANKNIFTYBANKNIFTY finally broke the upper resistance of the box that was there for a while. Good time to go long. It may retrace to the upper level of the box before going any further so be aware of the same since doji has formed. Keep this in mind and keep looking at price action.
Now, upper targets are open for the week:
Target 1: 32140
Target 2: 32460
Axis Bank and ICICI Bank have finally become strong. They can be bought for medium to long term as well. Kotak and HDFC seem weak.
Note: Post only for education purposes.
Axisbanklong
Axis Bank - INHS Bullish BreakoutNote: This is for educational purpose only.
There seems to be a Inverse Head & Shoulders bullish breakout with good volume. Volume is higher that last ~30 days. There seems to be a RSI bullish breakout as well. RSI at 69 indicates bullish momentum.
Buy now or in dips till 640₹
SL = 610₹
🚀#axisbank #banknifty #niftybank #nifty #nifty50NSE:AXISBANK
everything you can see on charts then why you need perfect numbers , just try please try little hard if you really want to leant chart reading.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Axis Bank Broken the Flag Pattern!!Axis Bank has broken its Flag & Pole pattern albeit with lower than 20 day MA volume!!
One needs to closely watch this scrip now as it may be a false breakout.
If the break out is supported with volume spurt then the target is good and will be quickly achieved.
But even today the volume is not above the 20 day MA of volume, hence, maintain a very tight SL on a close basis...
Cheers!!
AXISBANK LONGDEAR TRADERZ,
After a 2 weeks consolidation Axis bank is set to break out, and we are going to see a rally towards 649 & 669 position and swing with a stop @600. This is absolutely swing and positional it can be achieved by next week or it takes time till this expiry. But overall its Bullish. Always trade with proper hedge, to minimize your loss suppose your stop loss hits. stopl loss also positional basis on daily close.
Axis Bank at support – Good BuyOnce again the price is trading near the support area of the channel which is considered as a good buy. If one is entering the market long at the support can aim for the channel top as the target which is almost 100 points
AS you see the previous history of the pattern price exactly took support at the channel bottom and rejected at the channel top. Instead of looking for many trades at a time one can select this kind of stocks and make profits with ease.