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Axisbanktrend

Axis Bank - Tough times aheadRecently stock managed to breach the yearly low of around 994 and went downhill upto 933 We saw some buying from the same areas as it had monthly n weekly demand zones With that stock managed to pull itself back to 1k+ levels But it seems struggling days are not yet over for axis As we can clearly see, stock has got multiple and strong resistance point on daily time frame 1st starts immediately as a gap resistance zone between 1015 to 1030 2nd area at 1035 to 45 3rd at 1050 to 60 4th at 1085 to 95 5th from 1105 to 1120 Stock may or will try to reverse from these points in coming days Alerts can be set accordingly Lower TF confirmation is a must before entering R:R on each level is excellent Trade accordingly and cautiously
NSE:AXISBANKShort
by Vishy5
3
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 TheMamboMomentum
Axisbank Support Level ExplainedAxisbank had given a breakout around 1100 level and made a high of close to 1130 and higher.. its resistance can now be well backed by a good support at 1100, On monday we can expect axisbank to open lower and fall even lower only to take support around 1100 and from there on we can expect further upside for axisbank. Entry level 1100 Stop Loss 1080 Target 1145 Happy Trading, Yamini Prabu NSE,NISM Certified TA, Independent Trader and Trainer
NSE:AXISBANKLong
by Yamini_swingtrader
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