Axisbanklong
AXISBANK - POWEFULL SUPPORT - TRENDLINE TESTED MULTIPLE TIMESAxis 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. Nifty has moved quit a bit after and the fall due to the pandemic. But banknifty, yet to come up.
So an indication by banknifty can also be an entry trigger for axis bank as well other banks like ICICI BANK.
Beware : Please keep in mind and stay away from False Movements
Also this is not any recommendation, This is only for educational purpose.
Trade at your own risk.
AXIS BANK & DMART Analysis and trading setup |hindiHi 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 for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Axis Bank ViewOn 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.
AxisBank LongI 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 the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
AXISBANK- LONG (Positional)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, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in AXISBANK spot price chart. And also please note this is Positional analysis (for a week or more) and is NOT for intraday
This was also published in regional website, but sometimes may or may not appear here, so publishing my views in here also
AXIS BANK SHOWING WEAKNESS WILL IT CONTINUE OR TRAP SEE YRSELF!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 taken out condition is partially fulfilled in 2 hr but next day but not the next day. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. please see the fig of last week and compare it with recent this week's move in the above fig. You will realize how the level of trade was manifested last week.
Trade plan for next week.
1. In fig, see the bearish engulfing pattern it has got activated the next day too just below the green arrow. Therefore positional long be care full about your positions. If price takes out in 4 hr time frame the taken-out condition then exit immediately. Because will travel to lower red and gene zone in the coming days.
2. On the contrary, if price invalidates the taken-out condition then you can see price travel to zone 1. The rest price will decide.
YOGESH VATS
Disclaimer:- All positions should be taken on the advice of your financial planner. My work is purely for education purposes.
SYMMETRICAL TRIANGLE PATTERN BREAKOUT IN AXIS BANK -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 telegram group for live updates we have already taken trades today in "axis bank"
BTST TRADE IN AXIS BANK
BUY@442
STOP@435
TARGET@454
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
(trade active already)
NEW POSITIONAL TRADE IN AXIS BANK
BUY@445-448
STOP@430
TARGET-1@465
TARGET-2@478
REPORT OF VARIOUS SCRIPS ANALYSED LAST WEEK PART -2BHARTI AIRTEL
1. In last updated post of this scrip I mentioned that "if pink dotted line in upside is taken out on 2 hrs time frame , then i would like to initiate long position ." y you can check in two hrs time frame it is taken out but with some glitch . See volume of 2nd 2 hr candle is low. This does not satisfy me for long. Here price has to fulfil new condition to go long.
2. The red color dotted line should take out on 1 hr time frame Then with the sl of low of ref candle which cross red dotted line . I will initiate my positional long for the target of white box.
3. On the contrary If price takes out yellow support line on 1 hr time frame , then I will cover my previous week long positions. And will wait for price action near green trend line . If that line is also taken out in 2 hr time frame then I will be bearish on this scrip.
4. All conditions to trade in this scrip are important any relaxation will convert into big ......
ICICI BANK I. In my last update for this scrip I mentioned is quoting for your consideration "but it does not mean that stock fulfilled my condition of going down. till red solid line is not taken out on 2hrs time frame chances price can move up." You can see lower taken out condition not fulfilled and price moved up. All my charts speak themselves with conditions . Because this is the game of conditions . Now further move of this stock is dependent on upper red line if it is taken out in 1hr time frame then blur color zone lower band is my target. That i mentioned in first post of this scrip. otherwise price will consolidate here .
AXIS BANK
1. In this scrip I mentioned is quoting for your consideration " In my last update of this scrip I mentioned is quoting for your consideration " that change of sentiments made my biased now down side. but i will not short till red support is not taken out in 2hrs time frame. till then stock is in no direction range neither long nor short can be initiated without clear break out either sides." You can see the clarity of visualization of move when sentiments changed to down I clearly mentioned red support line condition and confidently wrote I will not short though sentiments are down side . See your self breaching upside gave a fantastic move to upper end of my green line. That is accuracy Of an amateur and non professional person See MR.troller ( gann-elloit-trader). If you can come out of your ego then you can see. This is classic example of my conditions which never put me into jeopardize.
2. Next leg of move will start only when green dotted line and solid zone is taken out in 2 hrs time frame. Other wise price will move into range bound trade between upper green and lower green support. Rest market will decide.
YOGESH VATS
IS AXIS BANK READY TO GIVE GOOD MOVE UPSIDE SEE YOURSELF!Hi Traders/Investors,
In my last post on this scrip ,I mentioned clearly that is quoting for your consideration " if green support is not taken out on lower time and later on same day in daily time frame." then only by breaching this condition cover long other wise remain in long. now you can see the whole week axis bank remained up and in last trading session gave good recovery from green support. In this week even breached it . So condition is valid of last week long should be carried forward with the target of zone one. For Investors I gave one condition of green upper line taken out now with this sort of structure I share this is right time to buy 50% at this stage and rest when price will come back from upper zone . Follow condition strictly because I use psychological and structural points to make these . All are very reactive when conditions get failed. So trade accordingly. Rest market will decide.
Yogesh Vats
Note. All decisions of investing and trading should be taken on advice of your financial consultant.