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 trade ideas
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
Axis bank looking bearish on higher time frame.
Axis bank has been trading around the higher level and is forming a base near 1030 zone. Both side movement can be there in the stock and confirmation is need for the entry to trigger.
But the stock on the weekly chart is showing some bearish RSI divergence and the dropping strength can be the initial signal of a bearish move.
On the daily charts, it is around the 200 ema. Either it will breach the levels or take support from the same. Watch for the levels and price action.
If the stock starts trading below the 1028 level and even close below it, next month expiry derivatives can be traded for the bearish momentum in the stock.
Major bearish target levels :- 980, 950.
Entry :- Close below 1028 levels.
Positional/ swing trade can be initiated in the stock for the next month expiry and trailing SL must be kept to limit the lose and capture the move.
Wait for the price action near the level before entering the trade.
AXIS BANK - Bearish Gartley - 3H TFBearish Gartley pattern forming on 3H chart of AXIS BANK. SELL 1116-1117, SL 1128.1, Target(s) - 1105, 1095. It's been a while since I studied the markets, so let's see how it pans out.
axis bank is very interested to come to that level because
it took so much effort to rise and no effort to fall
Axisbank bullish breakoutLook for a bullish breakout in Axisbank.
A pennant pattern is evident in this stock.
Price level of 1113-1115 range is resistance to watch for a breakout.
I will update the entry taken for buy later in the idea comments.
