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Axisbanktrend

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
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
AXIS BANK: Peculiar Reversion Or Trend continuation?Axis bank has been in the consolidation phase for more than 15 months. Prices fall rapidly after the crossover of 50 & 200 EMA . We can draw two control lines which can be helpful for target measurement. If the price enters into the parallel channel, and after retracement sustains above 680 , traders can trade for the following target of 692 - 714 - 752 . Demand pressure can lead to the price at the upper band of the parallel channel. Failure of sustainability above 680 may lead to a new low. Let market earmark first before you commit to the market.
NSE:AXISBANK
by forextidings
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