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Axis Bank stock technical analysisIdea: I am bullish on Axis Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 990. I am looking for the stock to reach a target of 1050 in the next 2-4 weeks. Entry: I would enter a long position on Axis Bank above 990. I would use a stop loss of 985. Target: My target for the trade is 1050. I would exit the trade if the stock closes below 985. Risk: The risk on this trade is 50 points, or 5% of the stock's current price. Notes: This is just a trading idea and not financial advice. Here are some additional factors to consider when trading Axis Bank: The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for Axis Bank to break out of its current trend. The news flow. Any negative news about Axis Bank or the banking sector could weigh on the stock price. Please do your own research before making any investment decisions.
NSE:AXISBANKLong
by TRADING-NASA
FINNIFTY! - How I made 112% profit 💸Hey Pivster's So, as we know today was expiry for NSE:FINNIFTY1! and market had open with a bullish sentiment at the early hours of the opening bell with good buying force seen in initial minutes of the market as OPEN=LOW too. Buying force was submerged as the first 15min candle closed above the reversal camarilla pivot level H3...after that buyers were not able to push the price the initiative camarilla pivot level H4 and in fact profit booking of BTST players was seeing too. Now, comes the first dip towards Daily H3 pivot level from where the bounce was seen by help of responsive participants, but not strong enough to break the current day high set in the initial candle of market opening and a visible "tweezer top" candlestick pattern was seen formed near day's high (marked inside the red box). Immediately, the next thing we see is a big seller's candle which closed near to day's low thus giving a confirmation of a "double top" formation near day's high and formation of the "M-Pattern" for the day with "neckline" being near the reversal camarilla pivot point. This whole scenario above has triggered the GPZ Setup which the index has been for the day and a clear trend reversal or pause sentiment was known to the market on basis of - * Type of CPR formed * Pivot Analysis * 2D CPR relationship HOW WE WOULD HAVE TRADED THIS SETUP FOR DAY: Now, that we know the GPZ setup has triggered for the day we had to wait for the retest for either PDH OR DH3 for our entry towards the target of DL3 or Pivot point of the day with our SL being current day's high or DH3 whichever was higher. A simple retest towards PDH was triggered with the SL as DH3 which had an additional confluence of neckline from the M-pattern that was formed in the first half of the market. Finally, we received our target of DL3/Pivotpoint by the closing bell of the market and this also marked a close for our - "Trade which made us 112.82% in profits or doubled our capital in under 20mins" P.S. Screenshot of the trade's order book is attached in the chart itself! This was the synopsis for yet another simple analysis for the broader index as a whole thus showing you that trading has to be kept simple and executed with patience and risk defined beforehand. If you liked the content, then share with your friends, family, fellow traders and dear ones :) Regards, Mukkull
NSE:FINNIFTY1!Short
by PivotMinati
7