Banking stocks are underperforming for quite some time and I cannot stress enough how bullish they all look right now! The same is with one of the biggest banks in India, AXIS BANK! Respecting the trendline pre coronavirus and on a trajectory to reach its previous ATH
✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ Chart Type: Bullish Structure with good consolidation near supportive trendline, giving BO :: Day chart close basis trade only for long ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time,...
AXIS BANK is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. A long trade can be initiated on the daily timeframe. LONG ABOVE : 752 SL : 732 TGT 1 : 772 TGT 2 : 792 All explanation and levels marked on chart.
Hi, we have entered a short trade in this > 2 RR trade.
As 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
You 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 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...
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...
Axis 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: ...
BUY AXIS BANK ABOVE 717 STOPLOSS BELOW 700 ON CLOSING BASIS TARGET 740-765
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 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...
Axis 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.
Can buy for short term as a Bullish engulfing pattern is being made on the daily charts.
Axisbank 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.