AXIS BANK 4h levels (S/R)As of September 5, 2024, Axis Bank's 4h performance is 0.1%.
3-month performance -0.69%
6-month performance: 6.88%
1-year performance: 19.86%
3-year performance: 46.94%
5-year performance: 81.2%
AXISBANK trade ideas
AXIS BANK 30 Min levels (S/R)# we mark Support and Resistance on the charts so you can check..
Support Levels:
Definition: A support level is a price point where a stock tends to stop falling and may even reverse direction. It represents a level where buying interest is strong enough to outweigh selling pressure.
Identification: Support levels are often identified by looking at historical price charts where the stock has previously bounced back up after hitting a certain price level.
Role Reversal: Once a support level is breached, it can become a new resistance level.
Resistance Levels:
Definition: A resistance level is a price point where a stock tends to stop rising and may reverse direction. It indicates a level where selling pressure outweighs buying interest.
Identification: Resistance levels are found by analyzing historical price charts where the stock has previously fallen back after reaching a certain price level.
Role Reversal: When a resistance level is broken, it can turn into a new support level
AXISBANK 4H levels (S/R) we mark Support and Resistance on the charts so you can check..
When referring to "4H levels" for Axis Bank, it’s likely you are talking about technical analysis on a 4-hour (4H) chart. In technical analysis, a 4-hour chart is used to view price movements and patterns in 4-hour intervals, which can help traders and analysts make short to medium-term trading decisions.
Here’s how you might interpret 4H levels for Axis Bank:
**1. Support and Resistance Levels
Support Levels: These are price levels where the stock tends to stop falling and might bounce back up. On a 4-hour chart, you would look for previous lows or price levels where the stock has historically found buying interest.
Resistance Levels: These are price levels where the stock tends to stop rising and may reverse downward. On a 4-hour chart, these would be previous highs or levels where selling pressure has historically increased.
Axis Bank Hits the Demand Zone, Just as We PredictedIn our analysis published on July 2, 2024, Axis Bank was trading around Rs 1250.
In our analysis we had marked a demand zone for the stock. As we had predicted, the stock came down and dived into the demand zone. At present, it is trading around the demand zone.
Check out our analysis to know more about our prediction on Axis Bank.
We anticipated the move a long time before it actually happened!
Don't miss out! Follow our Ideas to stay ahead of the game.
Axis Bank Long Setup - Axis Bank is currently trading at 1175
- BNF is carrying a bullish structure and at the same time Axis Bank is trying to form a base
- Axis Bank looks for a swing long around 1155-1164
- Watch out for the invalidation before looking for longs
- The structure looks intact and it will soon expand towards the upside as long the index doesn't collide.
axis bank short term analysisAxis Bank short term breakout range is... Once this 1200 is broken then in the coming time we can see a range of 1220-1250...
AXISBANK Levels // 30 MinHello Everyone 👋
Stock Price: As of the last close, Axis Bank’s stock price was ₹1,165.95 INR, showing a decline of 0.34%.
Support Levels: The stock dropped from ₹1,340 and is now nearing support at ₹1,160-1,150, including historical levels and the 200-day Simple Moving Average (SMA).
MACD Signal: The Moving Average Convergence Divergence (MACD) suggests a potential reversal, indicating a buy opportunity.
Upcoming Earnings: The next earnings report is expected around October 23 for Q2 2024. The estimated earnings per share (EPS) is ₹20.25 INR, and the revenue estimate is ₹195.84 billion INR.
Supertrend support in AXIS Earlier resistance of 1150 can now act as support
this level is currently also a super-trend level.
Very good risk to reward trade possible at this point if Axisbank is able to close above 1160.
Target and SL on chart
#AXISBANK .. short term swing tradeMomentum:
Price Action: The stock is showing signs of bullish momentum as it attempts to break out of a recent consolidation range (marked by the horizontal resistance line around ₹1,177). The breakout appears to be taking place with some strength, which is a positive signal.
Target Area : The chart highlights a potential target zone above the breakout point, suggesting a price increase of approximately ₹40.70 , which represents a 3.45% move from the breakout level.
Dow Theory:
Primary Trend: The primary trend on the hourly chart appears to be bearish, as indicated by the preceding significant downtrend.
Secondary Trend: The stock has been consolidating in a range after the downtrend, forming a base. This consolidation is indicative of accumulation, where sellers have weakened, and buyers are gaining control.
Tertiary Trend: The short-term trend shows a potential reversal to the upside, as indicated by the breakout from the consolidation phase.
Strength:
Volume: Although volume is not visible on this chart, a breakout with increasing volume would add further strength to this buy signal.
Support and Resistance: The stock has broken through a key resistance level at ₹1,177, which now acts as a support. If the price stays above this level, it reinforces the bullish strength.
Buy Signal:
Breakout Confirmation: The chart shows a confirmed breakout above the resistance level, which is generally considered a buy signal. The target price is indicated at ₹1,206, which aligns with the potential measured move from the breakout level.
Risk-Reward: The risk-reward ratio seems favorable, with the potential upside being greater than the downside if the support holds.
In summary, the chart is showing a bullish signal with a breakout from consolidation, supported by the reversal of the short-term trend according to Dow theory. The stock appears to have momentum on its side, and if the price stays above the breakout level, it could offer a solid buying opportunity with a target around ₹1,206.
AXISBANK trading in a long channel with potential upsideSince April 2022, Axis Bank is trading in a channel on weekly & daily chart. Now, it is on its support placed at lower channel (or trendline). Axis bank is strong fundamental candidate and looks good on charts with great potential for upside.
AXISBANKheavy volumes on support and also fib levels
if crosses 1165 and sustain above then
it will be good bounce back till 1271 / 1441
This is not financial advice. Just sharing analysis for educational purpose
Axis Bank Axis bank weekly chart at the bottom of the channel. It should mostly bounce back to the upper end of the channel. It closes below the channel, then it's a breakdown
#banknifty
#AxisBank
#AxisbankAccording to shark bullish harmonic pattern D point is the reversal area.
Trend analysis can be clearly determined in Harmonic pattern
Buy level is mentioned in the chart.
This is only for educational purpose, please consult with your financial advisor before investing.
Go Long on Axis bankLong-term Potential: Axis Bank has been demonstrating strong growth in recent years, and it's considered a major player in the Indian banking sector.
Axis bankWe can see three different patterns in 3 time frames namely trend line support, descending triangle and strong support. 1150 is the strong support zone.
Buy above 1066 with the stop loss of 1057 for the targets 1075, 1088 and 1102.
Sell below 1050 with the stop loss of 1059 for the targets 1040, 1028 and 1014.
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Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Axis Bank Mid term BullishStock is near support one can expect a return of 70% in Medium term
Also valuation is Good and NIM and CASA IS also stable
Axis Bank AnalysisOn a 1 hour chart we can see some consolidation on axis bank. Also note the previous week low. A trap could be laid out below Previous week low trapping the short sellers( a possible scenario).
I have marked a box around the consolidation area. Now I am looking for a potential fake breakdown of the box and then a move up inside the box/range targeting the opposite side.
Axis bank is very close to its demand zone on a daily chart and inside the golden ratio plotted using weekly chart. So for now I am not positionally bearish on axis bank.
Axis Bank - Pull Back TradeStrong demand zone area 1115-1135
Wait till stock reaches the area
May consolidate a while before making an upmove
Breach of 1100 will make the stock fall further, which right now dosent seems possible
Risk to rewards looks promising
Axis Bank Good Long BetAXIS BANK looks good long opportunity to buy at dips, with bank nifty looking strong.Axis Bank looks good buy at current market price as price looks to take support at breakout point , trendline and weekly EMA.
Good opportunity as long as price stays above 1,100
Cheers
Axis BankSL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Axis bankPrice at strong support, day rsi @30 (support), 200d wma is at 1146, all indicating buyyyy...
Cypher pattern in axis bankCypher gives good accuracy. Let's see. This for the educational purposes only
