From the last few trading sessions it is observed that AXISBANK was trading in a range and forming triangle pattern between the resistance and support levels. Green trend line is acting as a strong resistance shown by green dots and one could enter long if that trend line is breached and axisbank moves above 441. Similarly, lower red trend line is acting as a...
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...
AXIS BANK looks weak now, expecting target 410 soon and if fails that levels to hold then hold for short target 380/-
Note: This is for educational purpose only. Axis bank seems to be losing momentum. RSI went below 50. Formation of somewhat a double top in play. Spike in selling volume too. Short only if price breaks the support line.
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Previos support is now going to be resistance so it's safe to short with 1:1.5 risk reward ratio. Levels mentioned on chart. Happy trading!
AXIS BANK FALSE BREAKOUT YESTERDAY -STOCK BROKE ABOVE THE RESISTANCE OF 425 AND FAILED TO SUSTAIN -CRUCIAL LEVEL OF 425 WAS BROKEN -SELL ON RISE RECOMMENDED -STBT TRADE GIVEN -BUT SINCE MARKET WILL OPEN HIGHER I BELIEVE IT WILL BE SOLD INTO -POTENTIAL NEWZONE IS FROM 426-454 WHICH FAILED NEW TRADE SHORT@420-425 STOP@430 TARGET-1@414 TARGET-2@408
May retrace to 390 as per Fib Levels. If it breaks 50 EMA, then will move towards 370 or else take support at the EMA. It will be bullish only above 425.
Expecting Axis may go down to 345 levels within a week if its Break 375 levels <----Tradersspot----> #Only Consider for Educational Purpose,Trade at your own risk
SELL NSE:AXISBANK near 351.5 SL 360 TARGET 338/310 More details in chart
Hi traders, In morning one of my followers who is long in axis bank and new trader , asked about my view. That time i replied on basis of bnf chart rather than axis bank. So I was worried for his capital ,therefore , spend hrs to analyze this chat for you and all who are trading long or going to invest in this bank. Please see carefully. 1....
Axisbank at its support zone @379.50 if it go below 379.50 can sell (range - 379-377) Target 1st - 371 2nd- 368 (For Intraday) SL - 389.55 AND if it go above 381.90 can buy tg. 1st - 384 2nd - 388-90 (For Intrday) SL - 376
NSE:AXISBANK If it goes below 385 there could be a good short trade. Looks weak below 390 levels.
INTRA-DAY TRADE IN AXIS BANK FUT SHORT@371.6 STOP@380 TARGET@360 QTY=2400 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!!
INTRA-DAY TRADE IN AXIS BANK MAY FUT SHORT@404 STOP@411.5 TARGET@390 QTY=2400 RATES ARE AS PER SPOT PLEASE ADJUST FOR FUTURES
Axis Bank has made a lower low, and is at a short term resistance where it faced a sharp intraday sell of on Thursday. If the sell off continues on Monday, there is a good opportunity to short. The stock may see correction towards 400 zones. Will be observing the moment in Monday's trade. Possible Trade: Stop Loss at 455. Target Price: 405.
SHORT NSE:AXISBANK below 378 SL 398 TGT 360/350/340