AXISBANK trade ideas
📈 Pre-open MTF #PriceAction Analysis by #KRMG (31 Aug)👉 Stock 1 - #AXISBANK
👉 Sector - BANK
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has shown good strength in Upward direction from 750 Level as per Hourly timeframe and now trading above its important Resistance 765 Level
It has continued good Higher Low pattern as per 15- Min timeframe and also yesterday after the opening it continued Upmove and then given very impulsive move near Days High in Second half of Market
Now it has space till 800 Level where currently it is trading near to its SUPPLY ZONE and buy Trade can be taken only if breaks CZ with good volume
🎯 Coming to sectoral pattern - #NiftyBank after giving strong Uptrend and Yesterday it has broken the 36300 Level, now it is trading above to it
#KRMGPriceAction
#LearnWithKRMG
Axis Bank Ready to Fly?As per daily chart, Axis Bank has given a Breakout above it's Resistance line with high volume where Momentum indicator has also turned into positive sign.
Saying that on lower side it has strong support of 750 along with resistance on 850.
Trade opportunity in Axis BankThis scrip had broke the symmetrical triangle pattern and now it is trading near to the supply zone. Swing traders can even enter long position now and may add more quantities after the breakout of supply zone.
As the Market is in a bull run for a long time, so we can find many breakout scrips but not all breakouts can be true some may be a false breakouts too. Make sure you follow strict position sizing and risk management.
Axis bank30.8.2021
784
Breakout from channel with 2x volume
Could come back to take support from the trendline before flying further...
axis bank near to long resistance breakoutIf it is closed above the trendline then we can see a rally upside.
BREAKOUT IN AXIS BANK Axis Bank Limited (the Bank) provides a suite of corporate and retail banking products. The Bank's segments include Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business.
AXIS BANK INTRADAY HIGH PROBABILITY SETUPhello traders
i hope this post will be useful to you
ask me any ques in comments section
thank you
*its not a call*
i forgot to mention it but according to rsi its also loosing momentum
AXISBANK: TrendAXISBANK (CMP: 766)
Can try to tag the previous peak (776). At which point can face strong resistance.
*** All content in the post is for educational purposes. Not advice. ***
Axis Bank is now all set to reach 1000 ???Break out coming soon....
Wait for blast above 820
Above 775 it can go up to 820 and based on price action at 820
further higher levels can be anticipated
AXIS BANKFor Intraday
Short AXIS BANK Between 757-758.5
With SL 763
Target 742-745
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 BankNear to lifetime high, in weekly Triangle pattern breakout once break 778 above open close... good really come wait and watch
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.
Long Axis bankLong Axis bank between 715-722 . Once stock touch the TL this is area of value to go long. Previously have seen stock taken the support of TL. So high probability to go long from this area. SL 705 target 750. Once seen BO of Resistance level then next target is 770 with trailing SL. also if TL BD then will not take entry. This is for your educational purpose only.
Axis Bank forming flag and Pole pattern in shorter time frameAxis bank looking very bullish in shorter time frame , forming flag and pole pattern which is indication of the stock being extremely bullish
Axisbank bullish trendmulti-timeframe EMAs daily, weekly, monthly
daily ema cross weekly ema cross monthly ema strong bullish trend
2 day after brek up ?
Thses chart used a swing nd i hope all time
How do you think these patten... Please comment bdown
Axis Bank NSE:AXISBANK
1- No long
2- Wait till the stock comes into oversold area (Around 730)
3- Target shall be around 764
Breakout short trade in Axis bank Same support level was breached previously after testing the support 3 times.
Now it has tested the same support level once and now again it has broken the support level, wait for the red candle to form and go for a short.
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Simple Trade Setup | 18-08-2021 | AXIS Bank NSE:AXISBANK
Observations:
1) On Daily Time frame it had formed rounding bottom and breakout it. It was breakout on 9-08-2021. Since then it has been testing the breakout level of it. Which is placed at 754-755 range.
And it has been taking support from the range and closing above it, since last 6 days.
2) On Daily Time Frame, it also took support from 50DMA today. Only one concern is that 21DMA is below 50DMA.
Please refer Chart below: daily time frame.
3) Only one concern is that on 15min time frame, RSI has made higher high since Previous day closing to today's closing while Price made lower high.
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Trade Setup for Date 18-08-2021:
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 target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
