#Axisbank cash : Good sell below 720 levels onlyAxisbank cash -Positional call 27.07.2021 Sustain below 720 Will go 706/686 Stoploss 735 (Strong support 680-685 below 720) Cmp 731.70Shortby anandnst6
AXIS BANK | ShortNSE:AXISBANK 🔴 Note : Do not sell if price closes below 744 or sell at pull back. 🔴 Sell Below @ 744 🔴 SL Above 777 🔴 Targets would be 725 and 685 🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴 Shortby PriceAct-fugazitraderUpdated 4
AXIS BANK cup & handle in the making. The cup and handle pattern is a bullish continuation pattern that indicates a strengthening of the price of a security succeeded by a breakout after which the price of the scrip shoots up. The period of consolidation is the U-shaped cup whereas the breakout is signified by the handle. Cup and handle chart patterns are said to have been popularised by American technical analyst William J. O’Neil through his book How to Make Money in Stocks in the late 80s. O’Neil provided an in-depth analysis and identification of the cup and handle in a few passages. He wrote that cup and handle chart patterns last, in time duration, from 7 to as many as 65 weeks (most are usually three to six months). The usual percentage correction from the absolute peak to the low point of the price pattern varies from 12% or 15% to 33%. Cup and handle formation 1. A cup and handle formation must be preceded by a trend for it to qualify as a continuation pattern. A trader should make sure that it is a few months old but no more than that. If the cup and handle formation is too mature, it might mean that the consolidation phase is on the weaker side and hence hurt potential gains. 2. A cup with a more rounded bottom is more preferable to one with a sharper bottom. A soft U-shape indicates that the price of the security will follow a course of correction with a few weak spells around the threshold of the cup and with support from the bottom. 3. The handle should ideally form in about a week or two. It has a downward price momentum when the price could plunge below the low touched a few weeks earlier. 4. The depth of the cup should be up to 33% of the previous upward surge but no more in normal circumstances. However, in choppy markets it could go as far below as 50% and up to 66% in extreme situations. 5. Ideally, a cup and handle formation should have similar highs on either side but usually that doesn’t happen Trading cup and handle chart patterns – Traders should look for a breakout succeeded by a substantial rise in volumes of trade above the line of resistance. – A price target could be set at the same distance from breakout as it is between the bottom of the cup and the breakout. – There are two potential points of entry for a trader in the cup and handle formation. The first comes just after the breakout duration. The volume of trade often sharply rises at this juncture and indicates a good entry point. – The second, when the price of the security hits the line of resistance again after the breakout. Traders might even consider taking a long position when the asset breaks the line of resistance of the cup and handle pattern. – A stop target can be set at the low of the handle. It could also be increased by a multiple of two if the trader can afford to take greater risk as the gains could be bigger. Height of cup is 152 points therefore, entry price - 779, target - 930 (based on cup height), and stop loss of 718 can be placed. by DalalStreetTrader6
Axis bank Short term target 915 as per cup and handle patternAxis bank daily chart is forming cup and handle. SL would be around 715 on daily closing basis. Short term target of 915.Longby RavirajHande0
buy axisbankit has formed bullish cypher pattern in 1hr chart PRZ at 732 which is pink in colour and also it has formed bullish butterfly pattern in 1hr chart PRZ at around 734 levels. it may retrace till 0.38%-0.50% in coming daysLongby viralmodi0
AXISBANKAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.by matrix7traders0
Axis bank intraday ideaSell @753, SL-758, TGT-745 Buy @759,SL-754,TGT-765 TGT is as per 1:2 RR, upon TGT we cab trail SL to increase the bonus profits.Shortby massiveSuccess0120
AXIS BANK INTRADAY SETUP FRIDAYAxis Bank simple price-action trade setup for Friday 23 July, if global markets remain bullish tomorrow, can expect good upside momentum. Keep Trading simple as much as you can. If you like my trading setups, please give me follow back and hit like button. It really motivates me in analyzing more and more charts for you guys. Thanks Longby jatinwadhwa15Updated 6620