AXISBANK trade ideas
AXIS BANK TRADE SETUP NEAR TO BREAKOUTAs you can see in the chart, in the previous day's Axis Bank share has tested 760 level multiple times.
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And then gave the breakout, now again the stock tested multiple times the 805 levels.
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And the stock is near to breakout if stock goes above 805, we can buy this call for the target of 820.
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What's your view on this comment below in the box.
Axis bank, Go LongCurrently trading at ₹802 on daily chart, forming ascending triangle pattern, my first target is 828, then will have to wait for breakout for next higher target.
Kindly consult your financial advisor before trading.
I am not a sebi registered analyst
How Enter the Trade Before Breakout- Axis BankHi All,
Pranam,
In this video, i was explaining, how we can enter the trade before the breakout and have risk to reward favorable to us.
If you like our video, kindly like us.
Disclaimer: Kindly do your own analysis before executing the trade.
AXIS BANK - LONGBank Nifty is showing a good momentum and with earnings season it is expected to be in focus . US banks have delivered excellent Q2 results and same is expected with Indian banks. HDFC bank results today will set the ball rolling. Axis Bank has given a good signs of breakout above 800 and going towards life time high price of 820. Beyound that SKY is the limit for this gem.
GO LONG
Axis Bank Reverse Head & Shoulder FormationA perfect reverse H&S shoulder formation on daily TF. If daily candle closes above 822, one can enter for targets marked
Multiple bullish patterns at breakoutStock is in uptrend for few years with a trendline support from 2016. During COVID crash, bears broke the trendline support. The Bulls energized a V shaped recovery and took the trendline support again.
While the V shaped recovery, the stock formed Inverted head and shoulder and it is at the urge of breakout with the ascending triangle formation.
Patterns :-
Trend support line
Inverted head and shoulder
Ascending triangle formation
Buy above neckline
Target at 1024, 1499
Stoploss at 750
AXIS BANKWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
AXIS BANK LEVELS...13.10.2021AXIS BANK forms bearish pattern in daily candle...once below closed at 805 then huge fall expect
Axis BankCMP-800
Target - 820
Just at Golden Crossover
Timeframe - Daily
MACD + Positive Crossover- in above zero line
Stochastic RSI - Uptick
RSI - 59+
MACD in weekly & Monthly timeframe- an uptick
All in All Bullish
Axis about to Break the Resistance @799Bottom of the Channel Pattern
Depending upon tomorrow's candle and volume we can decide.. mostly it will break the resistance.
Once there is a Good Volume we can go for LONG
All Bank Public Sector are in Rally, So Axis will go UP.
Multiple Attempts to Break Highs Axis bank has tried multiple times to break its high and retraced. Will be range bound until volumes pick up and Daily RSI goes above 55 levels. Wait and watch strategy to attempt any trade. An Iron Condor Optons strategy if at all to trade can be used.
Axis Bank Positional TradeA good Positional Trade is looking to be created in axis bank if entry got triggered with a logical stoploss and taregt should be 1:3 minimum
Axis Bank Breakout Happen 2 days agoThe special stock analysis was provided 2 days ago for special people. Now make it public for you guys.
Axis Bank gave the breakout 2 days before.
First target 840.
Stoploss at 760.
Happy Trading!
Axis Bank Axis Bank Buy Abov 787
Sl 787
tr 1 - 792
tr 2 - 797
tr 3 - 802
We are not a SEBI registered analyst. This is for educational purposes only. You must consult your financial advisor before you trade. We do not advise you to buy or sell. You can trade at your own risk. We are not responsible for your profit or loss.
Thank you
Axis Bank: Long term StratefyBuy axis Bank at cmp 779, 754, 720, 689
Targets 825, 110, 1400, OPEN (for long term)
SL 670 (may be changed on closing basis)
Simple Trade Setup | AXIS BANK | 05-10-2021 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1hr time frame, if you remember it has been taking support from parallel channle, as I had explained in my previous post about AXISBANK trade setup, so it has been still in that support channel.
I will put that previous tradesetup of axis bank so that you can refer that channel again.
It has taken and bounce back from the bottom line of that parallel channel and now it will have the middle line of parallel channel as critical resistance.
Breakout on middle trendline will give up move.
Please refer below chart : 1 hr Time Frame.
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Trade Setup for Date 05-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
axis bank at Important support Axis bank is here on importance support.
1. it may retest it support level and go upside
2. it may give breakout and go in consolidation.
Cup and handle formation in axis bankcup and handle formation in Axis bank , buy above 807 for targets of812, 820,840, SL 792
