AXISBANK trade ideas
Axis Bank monthAgain publishing my 8 month old chart in monthly time frame just to show how precisely price follows the pattern , but the most important is price relation with time, is it Hindenburg or time, if price is destined to fall, a trend line got confirmed in June'2019, resists the rocket movement of BN in Jan'23, even after a big fall still trying to honor below trend line,
Trading in the zone from last 2-3 sessionsIntraday traders keep an eye on Axis Bank stock
It is trading in the specific zone from last few trading sessions and respecting these levels very acurately
AXIS BANKaxis bank closed above 875 an important key level. if holds above 873 could move towards 915 level in few upcoming days , place sl at 870.
Retesting the BO zone#AXISBANK Weekly
- Retesting the BO zone
- Making a indecision Weekly candle
Disc :- Let is reject 1st and then look for a good setup.
Axis Bank on support and generated bullish harami candleThe results were good and after 951 stock has corrected to good level.
At support level and we have a confirmation of bullish harami candle.
Tomorrow once the high is taken out the stock has the potential to move up
Axis Bank 2hrAxis Bank 2hr time frame
if axis bank breakdown level 841.. it will go down side..
1st target 824
2nd target 817
keep add this in your watch list...
AxisBanks - Longs be careful AxisBank after giving a super momentum on upside is currently seems to be forming ending diagonal in its wave 5 as per my understanding, which is a rising wedge structure and breakdown of it can give a good correction.
Longs need to be careful here ...
intradayv shape recovery . both side potential it can go up if it is breaking the zone and downward as well.
15min timeframe
targets are marked
follow risk management and respect your stoploss
Axis Bank Positional Short Trade Setup!Axis Bank Break Trendline Line Support Sell Positional ~ 913, With Stop ~ 940, Target ~ 850, Time Frame ~ 6 To 10 Day's.
Short Axis BankAxis Bank form Head & Shoulder Pattern in daily time frame
RSI Below 40 - Bearish Sign
Short Build up in future - bearish signal
sell near 904
target 840
head and shoulder in Axis BankHead and Shoulder pattern formation in Axis bank. Buying opportunity will be there around 830-840
AXIS Bank Short Term view Axis bank had a good consolidation for the past one and half month and it broke out of the zone with a strong bearish sign .
This break down can help in the descending wedge channel that is being formed from 960 levels .
Once the channel is completed , we can get a more view on which side the stock is heading towards with the additional pattern of flag and pole .
If you are planning to long / short suggesting you to avoid till the budget session is completed & for the channel to be completed .
Price levels 800-820-840 acts as crucial support/demand zones as the weekly breakout happened at this price .
Axis Bank Weekly TF Analysis Current trend:
1) 1) Top of parallel channel
2) Candle Formation - hanging man pattern
3) Took a resistance around 1.236 level of Fib
MACD:
Weakens in histogram along with MACD line crossing over signal line -- Bearish Signal
Support:
if it break 900 level of support (closes below 900 in daily basis) next target around 827 level
Resistance :
Previous high 970 level..
Trade:
once can sell call option above 970 level and put option below 820 level
Axis Bank Accumulation ZoneAccording to me, any dip in Axis Bank should be treated as an accumulation opportunity. Axis Bank looks very strong on the charts. It gave a multi-year breakout and with banking shares declaring solid numbers across the board, one should try to bet on good banks in the market. SL is still marked for those who want to trade, I am buying for investment.
Axis bank bullish above 940 positional trade Buy axis bank 940 to 945 stop loss 932, targets 950,960,970 positional trade
intradaywait for the entry . important zones are marked
follow risk management and control your emotions
Axis Bank Swing trade Buy Nifty 50 Axis Bank Swing trade Buy Nifty 50 : Educational Idea Only Not a Buy Sell Advice Follow for more learning price action analysis
Pattern : Ascending Pattern
Type Bullish
Green Rectangle is Major Support
Entry Confirm After
RSI Divergence Cross Dotted Middle Line 0
Reason : on Big Time is in Uptrend
Reason 2 Fib. Confirmation
Tgt 1 is 949-957
tgt 2 976-980
SL 927
Entry 935-938
Time : within week
