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UZC trade ideas
Simple Trade Setup | AXIS BANK | 29-09-2021 [INTRADAY]NSE:AXISBANK
Observations:
1) On Daily Time Frame, we can see that it is still getting support from the parallel channel.
Today it got support from the middle line of parallel channel.
Please refer below chart : Daily Time Frame.
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Trade Setup for Date 29-09-2021:
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 exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Axis bank ready for 6% moveHead and Shoulder pattern in axis bank. Long target is 800 plus. Strong bullish pattern. Trendline retested.
inverted head and shoulder patternwith nifty eyeing target of 40k plus if the weekly candle gives a good closing above all time high . we will c a new jouerney
axis bank if axis bank closed above the support line it will get some small rally. Dont miss the good entry point.
AxisBank 850 soonSimple Positive reverse divergence on Axis Bank.
850 is a target coming in very very soon.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
Axis Bank starting Down Fall ⏬Axis Bank Chart is Negative indicates.. Monday Axis Bank Down movemen Possible. What is your view.✅
Comment Fast ⬇️
Levels for - 24 Sep 2021EXPLANATION : This is a 15 min time frame chart of AXISBANK , It has formed Inverted Cup & Handle pattern // Swing Pattern . If give a strong breakdown and broke its demand zone with high volumes and retest the same , I am bearish on AXISBANK . Super setup in AXISBANK Fixed range volume profile // Inverted cup & handle pattern // Swing pattern // Supertrend strategy
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Range breakout soon in Axis BankAfter a triangle breakout , a healthy consolidation will push Axis bank to move towards 850 as soon 820 levels will be broken. Do take advantage of this move and keep it in your watchlist
AXIS BANK LOOKS FOR FIRE BUY 809-811 T1826 T2 845 SL 780 -DKM SIR
Axis bank touch or break its previous high whent it break the previous high then its all time high is 827 when it cross then it goes like a rocket
buy and hold as per your risk dear friend
DESCENDING TRIANGLE IN AXIS BANK ( ANALYSIS OF AXISBANK )A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower
How to Trade a Descending Triangle
Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown. The upper trend line resistance also serves as a stop-loss level for traders to limit their potential losses.
KEY TAKEAWAYS
1. A descending triangle is a signal for traders to take a short position to accelerate a breakdown.
2. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart.
3. A descending triangle is the counterpart of an ascending triangle, which is another trend line-based chart pattern used by technical analysts.
Axis bank showing great pullback strength from 770 to 800 level Axis bank showing great pullback strength from 770 to 800 level , looking very good from banking space
Axis bank analysis As we can see above i see the very good opportunity buy Axis bank here if sustain above 800 level tomorrow.
so if axis bank stay above 800 level i would buy and keep a stop loss of 787-786 as uh can see the RED LABEL that the price where i would keep my stop loss with the target of 805,820,835
Reason behind buying
1. Axis bank is at its very crucial support which is .786% fib
2. it also confluence of trend line which has giving him a good support if it take the support back and sustain above 800 it a very good buy for intraday and also for swing and if uh are option trader be aware of the next week monthly expiry
Axis Bank seems to be consolidating in a bullish flagAxis Bank moving in a bullish flag could be bullish if breaks above 819 with a SL of 780 and 1st target of 855 and second target of 870
IntrestingChart on all time frame & Approaching ATH Resistance Interesting ,as monthly ,weekly, daily all time frame frame showing
almost same clean pattern of similar like Inverted H&S pattern.
and in candlestick as well as line chart.
all time frame rsi/macd indicator on up trend and still leaving space for more upside,
for those who take long.
BUT from recent low level 285 of march'20 , now it is reaching towards
resistance of all time high(ATH) level 828-830 area of June'19...
while volumes are also now at lowest
of this upword movement representing something.
possibly wait and watch position ,
at this level to take fresh new entry .
to see good b.o. or not .
and its sustaining above ath and closing on all time frame
good to observe.
decide on ur own.
AXIS BANKAxis bank can give a good consolidation breakout in coming sessions, check chart for entry and sl levels.
#AXIS bank .potential breakout candidate on watchlistAXIS bank shows a potential breakout from a previous 2 year old resistance zone. Looks like it is forming
inverse Head and should pattern on weekly timeframes with neckline same as the resistance zone with potential to break out upside
If it worked out.Momentum and Trend indicators are showing bullishness on all timeframes now.Enter only on confirmation
of breakout with a green candle close above and tight stop loss below entry candle.
Wedge formationAs you can see how support turned in resistance and stock is near its all time high breakout go long above the top line
Axis Bank - Flag Pattern BreakoutAxis Bank - Flag Pattern Breakout on Hourly timeframe, positional trade
SL - 784
TGT - 850+
