AXISBANK trade ideas
AxisBank: Hindsight AnalysisA Higher High Higher Low structure on price action is considered as an uptrend.
- In the Monthly chart, identify the first break of Higher High after a Lower High.
- Wait for Higher High retest and enter somewhere close to it.
- Cannot expect a stock to test the exact same value.
- Set SL as previous HL or in cases where there are other lows close by, choose the lowest one.
- Calculate the possible loss assuming the stock hits SL
- If you are OK with the calculated loss, enter.
- Trail the SL at every new Higher Low.
- Wait for breakdown of a Higher Low OR Target.
AXISBANK Break trendline and bullishIn 1 day time frame trendline breakout was done and not at 1136.95 with a good volume.
For now volume support zone 1119.15.
If price break 1151 with good volume then a big move we can see here. Be alert.
support zone 1119.15-1109
Support 2: 1081
if price consolidate between 1109-1136 it's for intraday .
after break 1151 it's a good for long for investor.
AXIS BANK Analysis for Short termIntraday view stock is in down trend. It's follow a trendline . When price will be near at or touch trendline we can shorts our position. For long term investor buy on dip . It's a best options for them .
Support: 1092
Resistance: 1104
Maximum volume at 1100 (So we can think if price will be near this level and create a bearish candle we can make a position on shorts)
As expected if continue the downtrend price will be come at 1090. if near 1090 any bullish candle will be create at 15 or 30 or 45 min then buy .
Level 1090 was the Fibonacci retracement zone.
Bullish position will be create when price will be trade upper 1104.
Ignoring the rules of Game , End of Masala dosa There are Many Pandits who tend to repeat that rules of Game must be met , in this case
The Wave Theory rules must be met , but in reality its a Masala dosa that ended in your plat
so thinking vertical , taking decisions in timely manner will give you an advantage even you
Brake the Rules of Game ,
Remember its you who is playing the Game , not the otherwise
I am informing my personal opinion about the Maturity of the stock as Yield of investments
Good luck
AXIS BANK - POSITIONAL LONG OPPORTUNITY Positional Opportuity above 1100.
SL:1088
TP1:1138
TP2:1150
TP3:1168
Give this post a like, if you agree with this analysis.
Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.
Axis bankPrice is moving within the range of 1080 to 1106 for the past few days. How we can trade on it?
1. Buying at the support & selling at resistance.
2. Selling at resistance & buying at support.
3. If the price in moving without testing support/resistance, it means the range is narrowing and we have to wait for direction confirmation.
I just listed 3 possibilities, but there are many.
Buy above 1085 with the stop loss of 1079 for the targets 1091, 1097 and 1103.
Note : Do your own analysis. You are responsible for whatever you do.
Bearish Signals Emerge: AXISBANK Shows Descending TriangleTechnical Analysis: AXISBANK on the 30-Minute Timeframe
Hey Traders,
I hope you're all having a profitable day! Today, let's dive into AXISBANK and explore an interesting pattern that has caught the attention of many technical analysts – the descending triangle.
Chart Setup:
- Stock: AXISBANK
- Timeframe: 30 minutes
Pattern Recognition: Descending Triangle
A descending triangle is a bearish continuation pattern that often signals a potential downtrend in the near future. This pattern is characterized by a series of lower highs forming a descending trendline, while the lows remain relatively constant, forming a horizontal support level.
Key Observations:
1. Descending Trendline: Notice the clearly defined descending trendline connecting the recent lower highs. This suggests that sellers are becoming more aggressive as the stock fails to make higher highs.
2. Horizontal Support : The horizontal support level at the bottom of the pattern indicates a consistent buying interest, preventing the stock from dropping further. However, if this support level is breached, it could trigger a significant downside move.
3. Volume Analysis : Check the volume during the formation of the pattern. Decreasing volume as the pattern develops is a common characteristic. However, a sudden surge in volume upon the breakout or breakdown is a strong confirmation signal.
**Potential Trade Setup:**
Entry Point: Consider entering a short position if the price breaks below the horizontal support level with a confirmation of increased volume.
Stop-Loss: Place a stop-loss slightly above the descending trendline to mitigate the risk of a false breakout.
Target: - Project a potential downside target by measuring the height of the triangle at its widest point and subtracting it from the breakdown point.
**Risk Management:**
As with any trading strategy, it's crucial to manage risk effectively. Only trade with an amount you are willing to lose, and consider using proper risk-reward ratios.
Remember, technical analysis is a tool, not a crystal ball. Market conditions can change rapidly, so stay vigilant and adapt your strategy accordingly.
**Disclaimer:** This analysis is for educational purposes and should not be considered financial advice. Always do your own research and consult with a financial advisor before making any trading decisions.
Good luck, and may the charts be in your favor!
*Happy Trading!*
Happyness Pro
AXIS BANK 1D TF Analysis -2/18Pattern -- Elliot wave impulse formation
Current wave - Wave E
reason:
1) wave D not overlap wave A territory( check in monthly chart)
2) Wave E reached 1.618(1162) level of FIB.(Before it look a resistance at 1.232(955)level of fib).
Daily TF Analysis:
1) It look resistance at 1.618 level +highest OI
2) Histogram showing some weakness in MACD
3) RSI revering (Momentum fading down).
Immediate S&R:
Support -1109-1100
Resistance -1162
As per parallel channel pattern it may reach 1370( 2 level of Fib if it breaks 1162 level.
Analyzing Axis Bank: an opportunity to go LongAxis Bank appears to present a favorable opportunity for a long position. I've outlined the entry price, stop loss, and target levels for this stock within the chart.
Please keep in mind that these are my personal opinions, and I don't recommend you follow them as stock tips. I encourage you to study the chart and share your feedback so that we can collectively enhance our understanding as a community.