Axis Bank gave a great upmove and looking strong to Buy is sustains above 755 for the marked targets on the chart.
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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...
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...
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)...
NSE:AXISBANK
Trade Setup for Date 25-10-2021:
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...
Disclaimer:
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...
EXPLANATION : 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...
Weekly & 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...
Axis 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...
Axis 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)
Note: 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.
![AXISBANK: Simple Trade Setup | AXISBANK | 17-01-2022 [INTRADAY]](https://s3.tradingview.com/p/PIL26rs5_mid.png "Simple Trade Setup | AXISBANK | 17-01-2022 [INTRADAY]")
![AXISBANK: Simple Trade Setup | AXISBANK | 10-01-2022 [ INTRADAY ]](https://s3.tradingview.com/r/rsBaFjRf_mid.png "Simple Trade Setup | AXISBANK | 10-01-2022 [ INTRADAY ]")
![AXISBANK: Simple Trade Setup | AXISBANK | 07-01-2022 [INTRADAY]](https://s3.tradingview.com/z/ZG1TPfQR_mid.png "Simple Trade Setup | AXISBANK | 07-01-2022 [INTRADAY]")
![AXISBANK: Simple Trade Setup | AXISBANK | 25-10-2021 [ INTRADAY]](https://s3.tradingview.com/u/uzUmSQJb_mid.png "Simple Trade Setup | AXISBANK | 25-10-2021 [ INTRADAY]")
