is very interested to come to that level because it took so much effort to rise and no effort to fall
Bearish Gartley pattern forming on 3H chart of AXIS BANK. SELL 1116-1117, SL 1128.1, Target(s) - 1105, 1095. It's been a while since I studied the markets, so let's see how it pans out.
Axis bank has been trading around the higher level and is forming a base near 1030 zone. Both side movement can be there in the stock and confirmation is need for the entry to trigger. But the stock on the weekly chart is showing some bearish RSI divergence and the dropping strength can be the initial signal of a bearish move. On the daily charts, it is around...
Look for a bullish breakout in Axisbank. A pennant pattern is evident in this stock. Price level of 1113-1115 range is resistance to watch for a breakout. I will update the entry taken for buy later in the idea comments.
In this technical analysis, we’ll delve into the price action of Axis Bank (AXISBANK) and its recent performance. Let’s break it down: Support Level and 35 SMA Touchpoint: Axis Bank is currently trading around 1030 INR, which coincides with a major support level. The stock price has also touched the 35-day Simple Moving Average (SMA), indicating a potential...
Channel support, Fib support and a double bottom on the hourly charts are telling me this stock should resume its uptrend.
Price is taking double bottom support. Also price has formed rounding top pattern. Let us see which pattern will work. Buy above 1035 with the stop loss of 1028 for the targets 1042, 1049, 1056 and 1064. Sell below 1018 with the stop loss of 1025 for the targets 1011, 1006, 999 and 990. Check the live market updates. Hit the like button to Rock !! Show some...
stock on support and trying to bounce 2time bounce on support lets see on 3rd time what is next if break support with strong it will go downside NOTE: only for educational purpose RULE: 1: always trade with stoploss 2: decide your risk per trade and per day 3: believe to your analysis 4: stay positive and keep patience technical analysis + money management+...
From Swing Trading for Dummies using the following strategy Identify whether a trading range exists by using ADX (preferably below 20) Wait for %K to enter the overbought or oversold territory. Buy the security when %K crosses up through %D and above the oversold zone. Exit after stochastics reaches the opposite zone. Alternatively, you can exit after a...
Axis bank looking very attractive at this price range, recently it beached trend line but that must be a fake breakdown. One of the fundamentally strong stock just Buy On Dip 📉 We may see Targets of 1300 in upcoming months 🔥
Fundamental Analysis: Axis Bank, a prominent player in the Indian banking sector, is currently showing promising signs in terms of price and earnings forecasts according to analysts. However, revenue forecasts are not as attractive. Despite this, the financial health of the bank instills confidence among investors. One notable aspect is the distribution of...
Axis bank breaking down most critical support band, 200 ema is make or break support/breakdown. Keep a close watch. This may drive the bank nifty sentiment as whole.
Weak chart structure Continously closing in red since 5 trading session Can sell once it breaks 1054 Target 1038/1025 Stop loss 1068 I am just representing my views For educational purpose only.
pirce forming an inside bat above 50 day EMA 18day EMA crossing 50 day MACD crossing zero line target and SL marked
Axisbank had given a breakout around 1100 level and made a high of close to 1130 and higher.. its resistance can now be well backed by a good support at 1100, On monday we can expect axisbank to open lower and fall even lower only to take support around 1100 and from there on we can expect further upside for axisbank. Entry level 1100 Stop Loss 1080 Target...
AXIS BANK AT resistance of trendline. Remain cautious in ST till below 1136