Axis Bank - Strong Turn AroundPrevious resistence turned support
Strong 1 hour candle
Good volumes
Ready to ATH
AXISBANK trade ideas
Axis Bank Wave Analysis: SIP, Levels, 1800+ in coming years! July 2, 2024: AXIS Bank Market Analysis
Current Market Price: 1261.90
General Trend:
After the COVID crash of 2020, Axis Bank hit a high of 865 on October 21st , 2021, completing Wave 1 and entered Wave 3 after completion of wave 2 on June 16th 2022.
The stock is currently in a bullish mode and it's in extension, having completed subwaves 1 and 2 of Wave 3 and it has broken out of a consolidation zone and is looking to surge ahead with subwave 3 of Wave 3.
Ichimoku Cloud:
Applying the Ichimoku cloud to the chart shows that prices are trading above the Monthly, Weekly, and Daily clouds. Hence, there is a high possibility of the stock entering Wave 3.3.3 after small dip near 1150-1170 that will be our 3.3.2 subwave.
Entry and Exit Points:
Long-Term Perspective: The demand zone was a good area to buy the stock; however, we expect a retest of this zone, which can be a good opportunity for those who missed buying Axis Bank earlier.
> SIP Mode is best for long term.
Expected Target:
Once Axis Bank gives a breakout above the recent high, it is expected to hit the first target of Rs. 1529 .
The next target could be Rs.1859 and even 2000+ possible in couple of years. These targets are derived based on the application of the Fibonacci extension and channels.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
1D TF SELLThough it is HH and HL pattern... rejection at resistance Some pull back may expect will see...
AXISBANK - Ichimoku Breakout📈 Stock Name - Axis Bank Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1273.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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VIEW ON AXIS BANKGood chart structure
Stock at its high
Target 1350
Stop loss 1180
I am just representing my views
For educational purpose only.
AxisBank might be aiming to go higher.Hi Traders, I was studying the PA of AxisBank and noticed that at ATH level, set up is suggesting that relative volume is healthy and up volume is stronger than down volume.
Usually this combination of price at ATH and still strong up volume and healthy close > open PA, stocks tend to attempt higher levels which is what AxisBank may also be doing. Chart suggests it will attempt to touch 1370 giving an upside of 14% from current level. Let's see in a few weeks.
This is study is for my personal reference.
If any of you find it of interest and wish to share your views, I would be happy to hear it.
All the best.
axis bnk 5 min tfaxis bank 5 min tf for 6 june move, will be breakout there, after bo there is possible move up to spot tg 1220
Axix bank go long Axix bank on hrs chart taking suppot at 1179
stock of the week can hit target 1200 plus 1250
a long after longa good breakout and support after that
may see new highs soon
trade with your own decision
a long after longa good breakout and support after that
may see new highs soon
trade with your own decision
AXISBANK RECTANGLE BREAKOUT WCBAxisbank rectangle box breakout
#weekly basis good volume
and rsi,trading above 20ema
#target 1230- 1350
EDUCATIONAL IDEA
Axis Bank Technical analysisThis analysis is for informational purposes only and should not be considered financial advice. Shorting stocks carries significant risk and can result in substantial losses. Always conduct your own research before making any investment decisions.
Axis Bank is BullishAxis Bank has taken some support and moving up now. more upside is possible. Many are saying Axis is undervalued or cheap after citi bank india merging with Axis. This is good value buying and bullish now.
Trade setup on Axis Bank for long.Hi All, I am Elliott wave analyst and i am more focused on Nifty 50 stocks, my trade idea would help learner/investor to identify the trade setups and market direction. I am not Sebi registered analyst, nor this information is for Buy/Sell or Sell/Buy. '
Investing or Trade setup:-
We are in uptrend and completed 4 Subminute wave now we are looking for Micro 1 and 2. as we have completed micro 1 looking forward to retracing market approx. 38.2 - 61.8 and once micro 1 is broke can plan for trade setup.
Long Trade: -1186
SL: -1063
Target: -1500 or 2 ATR.
will keep on updating as price moves.
Axis bankPrice is moving inside a channel and now it is in between the upper and lower trend line. 1120 is the trend deciding level.
Buy above 1126 with the stop loss of 1120 for the targets 1132, 1140 and 1148.
Sell below 1115 with the stop loss of 1121 for the targets 1109, 1102 and 1092.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Bullish Reversal possible in AxisBankAxis bank is currently experiencing profit booking after the recent ATH, and if it takes reversal in the coming days with the support from the recent high zone and trend line, then we can expect a new ATH in Axis Bank.
IMPORTANT EXPECTED DIRECTIONAL LEVELS FOR THE YEAR 2024In this idea I am going to introduce you all my new concept for positional buying in the form of a simple strategy .
I have noticed that many of new investors and traders enters in the market in random manner either they enter in a running candle or they enter by choosing some moving averages or RSI but whatever they choose to enter a trade they mostly miss the value area.
So the purpose of this concept is to entry in a position at a value area which means no jumping into a trade in a random manner.
Although these levels are enough for this year but if all the marked level are exhausted the i will republish the Idea with additional levels.
Questions: What are the rules for the strategy ?
Answer: I have marked all the important value buying area along with a stoploss in the chart where the decision to enter a trade should be made, If you have a buying view or you find that market is bullish but you are not able to figure out where to enter and where might be the target then these levels will surely going to help you out.
Question: So is this concept always going to work out?
Answer: No , Stoploss are going to get hit sometimes but i tried my best to make it more useful.
Question: When will this strategy work to its full potential ?
Answer : If the stock is in trend then the win ratio is great.
Use these levels either standalone or with your strategy to have an edge in the market.
If still you have any questions the just drop a message or a comment .!
AXISBANK : Booked a profit of 8.90% on the invested capitalClosed the position as soon as the price reached a key inflection level. Managed to book a profit of about 8.90% on the invested capital. Will consider a re-entry if price revisits the lower trendline of the higher timeframe parallel channel.
📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
Axis Bank is extremely Bullish Axis has come out with very good numbers and its also valued very less compared to other banks and giving a very bullish view for Axis for now.
AXIS BANK: Breakout CandidateAfter a long consolidation and a complex corrective structure concluded at Apr'24 low of INR 995.7, stock prices have given very sharp up move. This suggests that stock is likely to give a breakout very soon and extend the gains towards INR 1250 in the coming days and week.
Axis Bank - Weekly Breakout Axis Bank on a weekly chart price has given a breakout of the downward sloping trend line at 1105 with increase in volumes. Momentum oscillator RSI has given a positive crossover.
Price can rally towards 1220.
axisbnk- bulls in charge??axis bank looks good technically , and with that good quarteraly earnings, should make massive move
