Axisbanklong
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
Axis Bank - Bounce from supportNote: This is for educational purpose only.
There seems to be bullish bounce back from 50 EMA (acting as dynamic support), 61.8% Fibonacci level and last swing low with good volume. Similar pattern can be seen in RSI as well.
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
AXIS BANK : BULLISH BREAKOUTBuy on dips as long as it maintains the level of 640 for the target zone of 680.
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.
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₹
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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 - Inverse Head & Shoulder PatternNote: This is for educational purpose only.
There seems to be a bullish Inverse Head & Shoulders pattern. Moreover, RSI above 60 indicates bullish momentum.
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!!
