Axisbankview
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.
AXISBANK : Looking weakAXISBANK : Looking weak
- it can take support as per levels given in chart
Just my personal view
Axis bank TargetNSE:AXISBANK
Sell Below 748
Green Lines = support. Consider it as your Target if you short/sell it after the mentioned level.
Buy above 760.
Red lines = resistance. Consider it as your Target if you go long/buy it after the mentioned level.
Axis Bank Both Target hitNSE:AXISBANK
Both the Target hit. Comment below if you have followed these levels and made profit.
Avoid trading tomorrow.
AXIS BANK ON BULLISH VIEW | TARGET 765CHANNEL BREAKOUT ==> AXIS BANK BUY ABOVE 750 TARGET 1 => 759.50, TARGET 2 => 765.50... SL => 746.80
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 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.
📊 #Axisbank #banknifty #niftybank #nifty #nifty50 🎯 short side target below PRZ and if find reversal der go long from der
******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.
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 - 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.
