AXISBANK trade ideas
AXISBANK LONG Good buying opportunity .
Formed W pattern .
Above 200EMA
taken support from trendline .
and now about to broke the w neck level .
we can make entry for 12% .
just my opinion not any buying recommandation .
AXIS BANK SHORT-TERM SWING TRADE! Hi everyone, Axis bank short term swing trade consider buy above: 685 target: 708 stoploss: 675
LOGIC BEHIND TRADE: Stock has recently given correction & formed double bottom pattern & given break out of it`s resistance and pull back above 685 stock will continue it`s journey upto 708. (Target is identified from harmonic xabcd pattern level 0.786) stoploss is taken previous swing low of pull back, RR is good for short term swing trade in this stock. NSE:AXISBANK
Axis Bank -- At crucial level for very good RRCan go long here with small sl as shown on chart for a very good reward.
Please do your own study.
Tomorrow target for intraday traders This video may give profit to intraday traders
learn something before you trade
AXIS Bank Ready to FLY nowAXIS Bank
On the verge of a Trendline breakout
Double bottom pattern
RSI looks strong
Disclimer: Education purpose only.
Axis Bank Trade Setup For TomorrowAs you can see stock is consolidating between the range,
.
If Stock goes below 661, we will sell this trade for the target of 647.
.
What's your view on this comment below in the box.
AXIS BANKShort Axis Bank between 812-815 with SL 821
Target 795-791
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
AXIS BANK... BULLISHWe can expect at least a 10% rally in Axis bank. Hoping for a short-covering rally before this week's expiry.
Trend analysis of Axis BankStrong buying opportunity in Axis Bank. If one can see that there has been clear breakout in the candle chart pattern and stock is in zone buying opportunity.
AXISBANK important levels for long term investmentAXISBANK important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
AXISBANKAxis Bank
It has some bit of support near 670-660 zones.
If other factors remain ok this level should hold. One can take a risk to buy in this zone with Stop near 645
AXIS BANK:End of ABC flat with C extentionBounce in Axis bank from 650 low's is looking corrective in nature as the we are seeing too much of price overlapping.As the internal structure is 3-3-5 we can assume current correction as an ABC FLAT correction.
Notice wave C, 5 wave advance has formed a diagonal pattern where in wave 4 enter's wave 2 area coupled with a negative divergence between wave 3 and wave 5 or a wedge pattern as per classic technical analysis.Today we have seen 2-4 trendline breach of 5 wave rise of wave C giving us first indication of entire ABC pattern completion.
Aggressive trader can short this stock at cmp of 712 with a closing stop of 720 on hourly chart for an initial target of 700 and 691.For someone looking for more confirmation price should breach 700 level in tomorrow's trading session before 1:15 PM in order to get two stage confirmation and then enter short trade however risk would increase from that point.
If this is the completion of wave B of higher degree then we can see impulsive decline unfolding in 5 waves which can take price to previous low of 650 and even beyond.
As of now on higher degree we have already seen an 5 wave impulsive decline from the levels of 865-650.Considering this decline as wave A and subsequent rise from 650-720 as wave B we can see wave C impulsive decline in 5 wave making new low's below 650.I am mentioning this because if we are seeing a Zigzag 5-3-5 pattern unfolding on higher degree then wave B has only retraced just above 38% of wave A which is a indication of weakness.
As of now on weekly and daily chart bais is positive as we havent seen a close below previous days low,however on hourly chart stock has reversed from raising channel upper rasistance line and gave close below previous candles low and closing below 9 day ema on hourly chart there by suggesting first sign of reversal.
Action to be taken
1)For aggressive trader:Short at cmp of 712 if stock opens at same level tomorrow or in case of gap down wait for first 15 minute low's to be broken to enter short trade with a stop-loss of 720 for an target of 700 and 690.If trade goes in favor then stop-loss should be trailed to every previous candles high.
2)For conservative trader:One should wait for price to close below 700 on hourly candle before 1:15 pm in tomorrows trading session as that would give double confirmation of trend line breach along with faster retracement of previous swing.Target and stop-loss will remain same in this case also and as mentioned above stop-loss should be trailed.
Today we have formed a doji candle indicating indecisiveness among trader's,a breach of today's low on closing basis would also validate this analysis.Personally i feel longs should be avoided and any long position held should be protected with a stop-loss as per ones risk apetite.
Disclaimer:This are my views analysis done here is for my future reference position should not be build or exited on solely on it's basis.
AXIS BANKExpecting a sideways trend for few days in the range of 706- 670. 616 is the major support zone. Above 727 we could be able to see a major upmove in axis bank.
Intraday Trade Logic in AxisBank on 14 Dec 2021Today watch out the levels for AxisBank .
wait for the Double confirmation for the Best ebtry and the stoploss
Target Where your greed Ends...Lol
Don't Advice to take the trade on my Levels. Take it on your own risk
I will not be Responsible for any kind of loss & profit
[POSITIONAL] AXISBANK LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
AXIS bankVery bullish head and shoulder pettern in monthly time frame in AXIS BANK . Good for long term investment . You can take entry in small time frame.
