AXIS BANK BEARISH CHANNEL BROKEN ??AXIS BANK BEARISH CHANNEL BROKEN
-FIRST SIGN "INSIDE BAR BREAKOUT"
-TRENDLINE BREAKOUT
-CONFIRMATION WILL COME ONLY AFTER A CLOSE ABOVE 402
-ONCE ACHIEVED OPENS TARGET TOWARDS 435-470
-STOP WOULD BE AROUND 380 ONLY AFTER A BREAK ABOVE 402
-"BUY ON BREAKOUT" RECOMMENDATION
Axisbanklong
AXIS BANK - Accumulation ZoneAxis Bank is trading at current levels of 320's after price erosion of beyond 50% in just 1.5 months i.e. fall from 750++ levels
one of the fundamentally strong private bank with govt holding of 26%
Axis bank can be accumulated in the price bank of 225 to 320 levels with various support levels as highlighted on the chart with blue lines
NOTE: One should consult their financial advisor before making any decision to buy or sell equities
AXIS BANK KEY LEVELS SUPPORT AND RESISTANCE 13/04/2020Key Levels for AXIS BANK :
Upper Breakout~425.30
First Target~432.95
Interim Resistance~442
Final Resistance~451.80
**Lower Levels**
Lower Breakout~412.05
First Target~406.45
Interim Support~398.80
Final Support~389.70
Please trade with caution and consult your financial adviser before trading.
Axis Bank - Market structure - Intraday - wyckoffOm Namah Shivay,
Brothers, Last week had this chart ready and had published.
Understood from the chart that, this stock has to go up as per the market structure. And today it has actually done it.
Now Axis bank shown that it has broken trend line, so it is possible that, market will rally further up and up in coming days.
But before assumption, market structure has to be followed to know that it is going up.
Question : "om" means I am soul. What I am doing here ? what is my work ? where do I go ? can I change anything ? How this all around going , is there any structure ? Is there any rule ?
A ns : We have the answer within . Within what ? Within me . But me/I am a soul looking like a light dot, what is within me that can answer. If it is within me, then why i do not know ?
Om Namah Shivay
BTST IN AXIS BANK !!(FUT)!!BTST TRADE IN AXIS BANK
VIEW
:-200-DMA TAKEN OUT
:-RISE IN OI+RISE IN PRICE
:-RESISTANCE OF 730 TAKEN OUT
TRADE IN FUTURES 28TH NOV CONTRACT
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
BUY@731
STOP@721
TARGET 1@741
TARGET 2@751
LOT:1200
QTY:2
PLEASE NOTE:
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!
Axis Bank | Bounced off Rising Channel support - DailyAxis Bank bounced off from rising channel support at 760. That price also seem to be a horizontal support area. If the stock holds on to the channel we can expect a considerable move upwards. Notable resistance is at 820 area where life time high falls as well.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)