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.
Axisbanktrend
Axis bank seems bullish Axis bank has given a descending triangle pattern breakout.
Though the stock has closed just below the resistance level of 726.
The breakout has been confirmed with the volumes.
RSI is also showing a bullish divergence on 15 minutes time frame.
Levels are mentioned on the chart itself.
Wait for the price action confirmation near the levels for entering the trade.
AXIS Bank - Banking stock for positional swingChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Simple Trade Setup | AXISBANK | 19-01-2022 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1 day time frame, yesterday it gave closing below 200 DMA and also below neck line of double bottom pattern. Today it gave closing slightly at the neckline range of double bottom pattern. But it has faced resistance from 200DMA.
Please refer below chart : 1day Time Frame.
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Trade Setup for 19-01-2022
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.
AXIS BANK MID-TERM SWING TRADE! Hi everyone, Axisbank mid term swing trade consider buy above: 722, target: 818, stoploss: 705.
LOGIC BEHIND TRADE: Stock has recently boumved from it`s weekly & daily support and formed (W) pattern stock has given breakout of it`s resistance, buying on pull back is idea. (Target identified from harmonic xabcd pattern level 0.786) stoploss is taken low of neckline candle. RR looks good for mid term swing trade! NSE:AXISBANK
Simple Trade Setup | AXISBANK | 17-01-2022 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1day time frame, we can see that after giving breakout of double bottom pattern neckline, it came back and closed above neckline. From here it has chance to bounce back if the re-test of this breakout gets successful.
And if this neckline is broken then we can see fall as it is already trading below 200DMA.
Please refer below chart : 1day Time Frame.
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Trade Setup for 17-01-2022
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.
Simple Trade Setup | AXISBANK | 10-01-2022 [ INTRADAY ]NSE:AXISBANK
Observations:
1) On 1 day time frame, we can see it failed to close above 200DMA and face resistance from it and made bearish spinning top candle.
Please refer below chart : 1 day Time Frame.
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Trade Setup for 10-01-2022
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.
Simple Trade Setup | AXISBANK | 07-01-2022 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1 day time frame, it is near it's big resistance which is 200DMA.
If it trades above it then we can see a good upmove. And if it fails to trade above then we can see down move.
Positive thing is that, it closed above yesterday's closing. Immediate support is 720 level.
Please refer below chart : 1 day Time Frame.
2) Also On 1day time frame, we can see it has made double bottom pattern and closed above neck line of it.
Please refer below chart : 1day Time Frame.
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Trade Setup for 07-01-2022
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.
Simple Trade Setup | AXISBANK | 22-10-2021 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1hr time frame we can see that it took support from the middle trendline of parallel channel.
The same channel was already represented in my previous ideas.
Now this middle trendline will work as supprot and the upper trendline will work as resistance.
Please refer below chart : 1hr Time Frame.
2) On 15 min time frame, it has made double bottom pattern. And now it is just below the breakout neckline zone.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 22-10-2021:
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.
18/10/2021 Research Report For AXISBANKDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single ruppe, please do your own rerearch according to your risk taking capacity and after that do invest and book profits on right time.
Buy Below 802 or Maximum 811
Target 1: 820
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.
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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.
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.
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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.
Simple Trade Setup | AXIS BANK | 29-09-2021 [INTRADAY]NSE:AXISBANK
Observations:
1) On Daily Time Frame, we can see that it is still getting support from the parallel channel.
Today it got support from the middle line of parallel channel.
Please refer below chart : Daily Time Frame.
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Trade Setup for Date 29-09-2021:
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.
Levels for - 24 Sep 2021EXPLANATION : This is a 15 min time frame chart of AXISBANK , It has formed Inverted Cup & Handle pattern // Swing Pattern . If give a strong breakdown and broke its demand zone with high volumes and retest the same , I am bearish on AXISBANK . Super setup in AXISBANK Fixed range volume profile // Inverted cup & handle pattern // Swing pattern // Supertrend strategy
If you like this analysis of Stock give a Thumbs up // Like , let me know in comments below :)
Axis Bank Seems like Inverse Head & Shoulder (Bullish) PatternWeekly & in Daily TF Axis Bank Seems like Inverse Head & Shoulder (Bullish) Pattern
1.Inverse Head& Shoulders Pattern
2.Making Higher highs in Day Frame
3. Took Recent Support Exactly at Zone Where left Shoulder took Support
4. We can expect Tgt Around 920
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a profit or will not result in a loss.
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
Simple Trade Setup | 18-08-2021 | AXIS Bank NSE:AXISBANK
Observations:
1) On Daily Time frame it had formed rounding bottom and breakout it. It was breakout on 9-08-2021. Since then it has been testing the breakout level of it. Which is placed at 754-755 range.
And it has been taking support from the range and closing above it, since last 6 days.
2) On Daily Time Frame, it also took support from 50DMA today. Only one concern is that 21DMA is below 50DMA.
Please refer Chart below: daily time frame.
3) Only one concern is that on 15min time frame, RSI has made higher high since Previous day closing to today's closing while Price made lower high.
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Trade Setup for Date 18-08-2021:
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 target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | Axis Bank | 16-08-2021NSE:AXISBANK
Since last 3 days it failed to closed below 755 level and taking support from it.
And it has been making triangle pattern on 15min time from since last 3 days.
Breakout of this pattern on either side will give good move.
Levels and targets are mentioned on the chart. I hope it is easy to understand.
Do comment your doubt or suggestion.
All the best for next week and enjoy your weekends.