AXISBANK trade ideas
axisbankaxis bank looking weak. i m looking for short.
entry 736
stoploss 738.1
target 728
good luck
BUY AXIS BANK @753 - BULLISHAxis bank heading towards the weekly demand zone.
Zone has breaks the previous supply, with Crossover
Target - 2:1
This is for education purpose only, Trade as per your own risk
AXIS BANK AT CRUCIAL SHORT TERM SUPPORTAXIS BANK: Looking at it through curved trendline, It seems to be at a crucial support an has the chances of rebounding for nearly around 4 -5% of return. Another confirmation would be 0.786 Retracement level of the previous trend. And after so huge fall expectation of a dead cat bounce is not at all superficial. The dual confirmation of curve Trendline and Retracement makes it a good bet.
Targets remains to be 779 and 799. Stop-loss would be below 740 on closing basis.
CHART & ANALYSIS BY - ADARSH DEY
Axis bank Swing IdeaAxis bank has fallen 12% even after good result .The stock can make up move provided if bank nifty is positive. Here is my analysis
1)Double bottom pattern .
2)Lower low level not taken out & consolidation is from few days.
3)Good risk reward ratio
4)Trend might change if Lower High is taken out of fib level of 0.236.
5)Analysis is of 20 to 30 points and for 2 to 4 days.
(Education purpose, consult you advisor before taking trades)
Do You Buy after Good result in a stock? Must See this -AXISBANKSTOCK MARKET MYTHS -
There are many misconceptions people have about how stock market works and how it actually works. In this series we burst these myths or clear misconceptions so people can make wiser decisions in trading/investing.
Myth Number 1- A stock will go up after good result.
Reality - A stock may fall big even after very good results. Taking decision based on this information give you no edge and you will loose over long term. Big market picture is always given highest priority and buying/selling decision should be taken on this.
Example - AXIS BANK, declared results on 26th October, highest ever quarterly profit. Next day - instead of up move fall of 6%.
I too had this misconception earlier so please comment if you too thought same now or at some point of time. :)
Learn price action and trade wiser.
Axis Bank Analysis Axis Bank Analysis -
1. Major Support =1st - 700, 2nd - 630.
Major Resistance - 800.
2. Past Trend - Was in Uptrend and broke major resistance 800, failed to sustain above it.
3. Current momentum - In down, even after such a big fall from 867 to 714 the bounce was very weak from 714, failed to test even 50% to 800.
4. Overall market - Correction is going on, and i am expecting one more down move in Bank Nifty before we test previous high again.
Conclusion -
1. Current momentum is down in Axis bank, overall market is also going through correction, in fact Axis bank is even weaker than market.
2. So my expectation is that Axis bank is more likely to fall and test 700 zone.
3. Momentum in up will be only if it sustains above 770 but this should not be used to go long, use that up move to book profits or exit long position.
Trade setups -
1. Short if it sustains below 745.
2. I will not be looking for buying in this as it is very weak, any up move will be sold.
buy above given levelbreakout from all time high is close
looking at the rally in peers we can assume axisbank can also push through its all time high
if so we can get to see a good rally.
Expecting a Reversal in Axisbank Based on Daily charts, 706 is long-term support for axis bank, from there a reversal can be expected. Based on the levels one can enter the trade
axis bank in a channel axis bank in a channel after break out of 15 mint trend line also making a flag pattern
SWING TRADE on AXIS BANKSwing trade chances in axis bank...took support at the trend line and moving upwards
AXISBANK: Bullishness aheadAfter a long bullish trend from April 2020, AXISBANK was consolidating in an ascending triangle pattern. It has now broken out of the pattern on closing basis, indicating probable continuation of the original bullish trend. Targets are 855, 905 and 970. A close below 760 should be taken as stop-loss.
Disclaimer: This is not a trading recommendation, but is only a predictive analysis for information and follow-up. NEVER trade without a protective stop-loss in place.
Axis Bank To The moon!!Axis Bank has been consolidatiing inside a channel pattern for the past three months....and it is ready a break a inverted head and shoulder pattern in its monthly time frame. We can expert a movement of atleast 15 to 20% in the short term.one can enter after a bullish candle at the bottom of the channel pattern or could wait for the channel pattern. Make sure you enter at the right spot and have atleast a risk reward ratio of 1:2......Cheers!!!
axis bank expecting 100 points rise we can expect rise of 100 rupees in axis bank in coming months . It is moving well in CRAB pattern
that yellow line is life line as long as candles stay above this line we are safe.
good luck
Our 99% harmonic ideas go well and achieve target . So, please like and share the ideas if you find them useful
good luck
axis bank deep crabit is at very good risk to reward stop is only at 786 and candle must not close below it. long target is 850, invest in cash
good luck
BO🟢 RSIStairs Breakout above 55
🟢 Bullish crossover on daily TF
🟢 On verge of a fresh breakout
🟢 Above 805 can test 820/840
🟠 SL =785 on 15M closing basis.
wait for reversal sing which might appear tommorow in the picture wait for a morning Star or Piercing Pattern to appear then buy the stock till it reaches it resistance level
Axisbank LongAxisbank Long
822-825 is very strong resistance level
In Apr -June 2019 Axis bank has made high of 825
In last 2 months it attempts to breakout.
Buy on close above- 823
SL- 770
Target- 890, 915, 954
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
I can find a upward trend line on axis bank chartNSE:AXISBANK
One can go long on axis bank. Stop loss will be 771 and target is 826
CMP 787
Glad to know your views thanks
Note : check on your trading setup before entry.
