Get started

Axisbankshort

Axis bank looking bearish on higher time frame. Axis bank has been trading around the higher level and is forming a base near 1030 zone. Both side movement can be there in the stock and confirmation is need for the entry to trigger. But the stock on the weekly chart is showing some bearish RSI divergence and the dropping strength can be the initial signal of a bearish move. On the daily charts, it is around the 200 ema. Either it will breach the levels or take support from the same. Watch for the levels and price action. If the stock starts trading below the 1028 level and even close below it, next month expiry derivatives can be traded for the bearish momentum in the stock. Major bearish target levels :- 980, 950. Entry :- Close below 1028 levels. Positional/ swing trade can be initiated in the stock for the next month expiry and trailing SL must be kept to limit the lose and capture the move. Wait for the price action near the level before entering the trade.
NSE:AXISBANK
by Mambotrade
AXIS BANK Analysis for Short termIntraday view stock is in down trend. It's follow a trendline . When price will be near at or touch trendline we can shorts our position. For long term investor buy on dip . It's a best options for them . Support: 1092 Resistance: 1104 Maximum volume at 1100 (So we can think if price will be near this level and create a bearish candle we can make a position on shorts) As expected if continue the downtrend price will be come at 1090. if near 1090 any bullish candle will be create at 15 or 30 or 45 min then buy . Level 1090 was the Fibonacci retracement zone. Bullish position will be create when price will be trade upper 1104.
NSE:AXISBANKShort
by KaustavHazra
#Axisbank short below 930, F&O traders can get 2.75% gainsAxisbank has made inverted hammer candle on weekly Time frame which is a bearish sign for me. Now I will be planning to initiate shorts trades in 2 ways 1) Once price goes below 930, will go short targets will be a) 922 b) 908 c) 900 Sl would be 944 2) Price retraces to 949/960, shows signs of weakness and then I will initiate short. This will be the best case scenario with low risk and high reward setup. In this case my targets will be a) 930 b) 915 c) 908 d) 900 SL would be around 968. Let's be a disciplined trader and respect risk.
NSE:AXISBANKShort
by ssudhirsharma11
1
Axis Bank - Will it break or not?Axis bank is continuously moving in a channel. Now it made a bowl pattern at its resistance level from where it can give a 2-3% rise if breaks. Another point is that we can see a good fall if it faced rejection. It can later go up to the lower level of the parallel channel . As of today, it closed with good volume if the market opened in a good range then we can see good buying in AXIS BANK, which lead us to the target of 830 from our current position and the second target of 850 (where it previously faced resistance) If the stock faced resistance then we can see consolidation for some time and that consolidation will decide its upward and downward direction for the downward direction we are having the support of 785 and the second support at 750. . . Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
NSE:AXISBANK
by SUTHARTRADE
AXIS BANK: Three Black CrowsStock has witnessed selling pressure from the previous swing resistance on the daily chart and formed a Bearish reversal candlestick pattern which is know as Three Black Crows. Prices have also broken the rising trend line established from Jun'22 low of INR 618.25 which suggest that prices may face more weakness in the coming days.Hence any retracement from the current level should be taken as selling opportunity for the downside objective of 700 zone which is fibonacci 61.8% retracement level of the previous rally. In the Three Black Crows Candlestick Pattern, all the three candles have bearish close consecutively. Each candle opens and closes progressively lower than the first. Each candlestick should have big real bodies and very small or no shadow. Trading strategy: Sell on rise near 760-770 keeping SL of 794 and look for the target of 720/694
NSE:AXISBANKShort
by TradingSutra
POSSIBILITY OF SHORTING AXIS BANKAxis Bank may give an opportunity to short. The set up is as follows -From the current position, if the price moves down and goes below 721, then the price may decrease further and any shorting done may be rewarding. - From the current position, if the price moves up and touch the price of 736, Wait for the next candle. If the price decreases from there, after touching the red color - crucial resistance line in the chart shared, then the price may decrease further and any shorting done may be rewarding. - T1:714, T2:701, T3:685. Stop loss:739 This is only a view and not an advice to trade. Kindly trade as per you analysis, risk assessment and capital.
NSE:AXISBANKShort
by pushkar_parashar
AXISBANKAxisbank has given good breakdown of 20HMA along with bottom of parallel channel in hourly and apart from theses it has also broken support trendline with good intensity of volume. This stock has fallen below 20DMA which is pegged near 668, Also recent rally ended at RK's Stop line (key level line) near 700. Overall wave structure is suggesting that corrective phase is going on as a wave W-X-Y, where after completing wave W & X, now wave Y is unfolding as a zig-zag pattern, and in wave Y possibly wave A and B has completed and now wave C is unfolding, If wave C is going to be equal to wave A then we are directed towards south near 540 areas. significants Overall wave structure on daily time frame chart Rejection at RK's stop line along with RK momentum sell activated RK's momentum is also turning negative crossover in daily chart macd in hourly running negative MACD in daily turning/converging Negative below zero line MACD in weekly running Negative below zero line RSI in daily down tick and near below 40 RSI in hourly down tick and below 40 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:AXISBANKShort
by RK_Chaarts
Simple Trade Setup | AXISBANK | 25-10-2021 [ INTRADAY]NSE:AXISBANK Trade Setup for Date 25-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:AXISBANK
by Trading_hawk
2
Simple Trade Setup | AXISBANK | 18-10-2021 [ INTRADAY ]NSE:AXISBANK Observations: 1) On 1 day time frame, it is taking support from 21DMA. Currently 21 DMA is placed at 789.68 level. From OI data, We can establish that immediate resistance is at 810 and major resistance is at 820 level. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, we can see that it is in parallel channel support zone area and took support from middle trendline of it. Upper trendline will work as resistance. Sustainable breakout of it will give bullish move. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date 18-10-2021: Most of the levels will remains the same as per previous setup. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:AXISBANK
by Trading_hawk
18
Simple Trade Setup | AXIS BANK | 05-10-2021 [INTRADAY]NSE:AXISBANK Observations: 1) On 1hr time frame, if you remember it has been taking support from parallel channle, as I had explained in my previous post about AXISBANK trade setup, so it has been still in that support channel. I will put that previous tradesetup of axis bank so that you can refer that channel again. It has taken and bounce back from the bottom line of that parallel channel and now it will have the middle line of parallel channel as critical resistance. Breakout on middle trendline will give up move. Please refer below chart : 1 hr Time Frame. ------------------------------------- Trade Setup for Date 05-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:AXISBANK
by Trading_hawk