AXIS BANK ON BULLISH VIEW | TARGET 765CHANNEL BREAKOUT ==> AXIS BANK BUY ABOVE 750 TARGET 1 => 759.50, TARGET 2 => 765.50... SL => 746.80
Axisbanktrend
AXIS BANK LONG.AXIS BANK is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback.
A long trade can be initiated on the daily timeframe.
LONG ABOVE : 752
SL : 732
TGT 1 : 772
TGT 2 : 792
All explanation and levels marked on chart.
AXIS BANK ANALYSISAs per hourly price action
Axis bank is trading in Rising wedge pattern Also Axis Bank create Second lower high and bounce back from support area zone.
rsi also cross 60 level in hourly timeframe .
Buy area Above Only 753 target 1 : 760 Target 2 :766 Target 3 : 774
Stop loss : 730
Axis Bank May 2021 Month End 🔥Currently trading in a engulfing pattern which can give breakout on either sides.
Swings will be restricted to the resistance and support zones.
Expect breakout in next 4-7 sessions.
Axis BankAxis Bank (NSE cash)
LTP: 694.70
Support: 693.80
Resistance: 700.45
Daily charts (long term)
The candle has taken support on the 20 DEMA.
There is a clear uptrend since 22nd April
MACD is neutral because it is trading the bear zone but has green bars and there's a reversal as well.
RSI too is trading above 50 which is a good sign.
***Bullish
Hourly charts (medium term)
the candles have taken support on the 20 DEMA here as well.
RSI is making a bullish pattern called the rounded bottom. We can see a breakout once this pattern is completed.
MACD is in a correction mode in the bull zone.
***Bullish
15m charts (short term)
Bullish engulging pattern along with a confirmation candle can be seen.
MACD has a bullish reversal.
RSI is in an uptrend heading towards breaking the 50 mark.
***Buy for a short term target of 710 / 715
AXIS BANK fresh breakout from a channelAxis bank gave a fresh breakout of a channel on a daily time frame. Can come back and retest this channel and then will begin the uptrend.
Axis BankAxis Bank (NSE Cash)
Daily Charts (Medium to Long Term)
The candles have broken the trendline on 16th March 21.
RSI too broke the 50 level but I wouldn't panic as yet because the RSI is showing a reversal. This means that Axis Bank may have corrected itself but it isn't weak on daily charts.
There has been a lot of selling as well so we might see a bounce back when the short positions are being squared off in this week.
Hourly Charts (Medium to Short Term)
A very strong support is seen at 708 levels and the resistance is at 754 and 764 levels. Keeping the daily chart study in mind, we may see a strong rally upwards.
An hourly downtrend has been broken on Friday as well which increases my confidence that we might see a strong up-move soon.
Also, there is a bull indicator in my RSI (divergence) which again is a good sign that this week may prove to be very good for Axis Bank.
Axix Bank Short Trade For 15-02-2021 Axis Bank SHort Trade For 15-02-2021
S/R Breakout On 15 Min Time frame
For educational Purposes Use Only
Im Not SEBI Registerd
Axix Bank Cash Market Levls Axis Bank Had Made Symmetrical patterns On Time Frame 15 min And 30 Min
Go long Or Short As Per Instruction Taken On Chart
Axis Bank at Strong Resistance ZoneAxis Bank is in a strong resistance zone. Although it is in a strong uptrend, I will wait until breaks and sustains above the resistance zone. (Price Range: 711 - 764)
Axis Bank - Bounce from supportNote: This is for educational purpose only.
There seems to be bullish bounce back from 50 EMA (acting as dynamic support), 61.8% Fibonacci level and last swing low with good volume. Similar pattern can be seen in RSI as well.
Axis Bank - INHS Bullish BreakoutNote: This is for educational purpose only.
There seems to be a Inverse Head & Shoulders bullish breakout with good volume. Volume is higher that last ~30 days. There seems to be a RSI bullish breakout as well. RSI at 69 indicates bullish momentum.
Buy now or in dips till 640₹
SL = 610₹
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everything you can see on charts then why you need perfect numbers , just try please try little hard if you really want to leant chart reading.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
AXIS BANK Support LevelsAs per analysis of Monthly and weekly chart of Axis Bank,
First support at 500
Second support at 370
Axis Bank - Inverse Head & Shoulder PatternNote: This is for educational purpose only.
There seems to be a bullish Inverse Head & Shoulders pattern. Moreover, RSI above 60 indicates bullish momentum.
Axis Bank Broken the Flag Pattern!!Axis Bank has broken its Flag & Pole pattern albeit with lower than 20 day MA volume!!
One needs to closely watch this scrip now as it may be a false breakout.
If the break out is supported with volume spurt then the target is good and will be quickly achieved.
But even today the volume is not above the 20 day MA of volume, hence, maintain a very tight SL on a close basis...
Cheers!!
AXISBANK SHORTI hope you can now see how AXISBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
