NSE:AXISBANK Do you believe AxisBank will fall on Mon 16th ?
Ignore if huge gap down or gap up.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
AXIS BANK looking bearish after break of weekly trend line support.
sell after bellow weekly candle close
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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AXISBANK 1D chart is exhibiting a cup and handle with retest Bulls and bears fighting for dominance, although bulls seem to be winning with this cup and handle in place.
Would be interesting next few days to see which side the tide turns and therefore which side do we need to turn and enter our position.
8 yrs trendline breakout in the chart
RSI above 60 and rising
Above EMA40
Attractive risk-reward ratio
Banking stocks can perform well in festive season
Stock is forming pole and flag price action pattern near ATH or you can also see it as consolidation before making a big move crossing all previous resistances.
Stock can move upto 1045 as per Pole and Flag targets.
Other targets can also be derived from Extension based FIBO.
DISC: For educational purposes only. Please consult your financial advisor before...
Chart is self explanatory.
I have a tracking position in it currently, and the post is for educative purposes only. Not a buy/sell recommendation.
Thank you :)
Hello & welcome to this analysis
The stock has been on a steady uptrend in all time frames suggesting probabilities of continuation of trend till the suggested levels of resistance in the video along with support levels from derivative to short/medium term investing.
Happy Investing
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: AXISBANK
🔍 Description: Stock has formed Inverted Hut pattern and now prices are moving in a Rising Channel.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further...
BUY - AXIS BANK
CMP - Rs. 980
Target - 1: Rs. 1290
Target - 2: Rs. 1550
Target - 3: Rs. 1775
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Timeframe - 3 months - 1.5 years
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Technicals - Ascending Channel Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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its just a view ,educational purpose only,,
simple candlestick ORB strategy with volume based,
i will buy above the blue line tomorrow EOD may be(3:25PM)
TARGET 10% & ABOVE SL BELOW THE RED LINE CLOSE PRICE I WILL COME OUT
SHORT TERM SWING STOCK
