Axis Bank HUGE BREAK OUT on the cardsNSE:AXISBANK
780 stop loss
Poised for all-time high
Open for views
AXBA trade ideas
INVESTMENT PICK BUY Axis bank 809-813 SL 750 TARGET 899 -DKM SIR
this bank lead banknifty from the front in upcoming days
buy and hold as per your risk
Axis Bank Chart Analysis for next weekAxis Bank:
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Price Volume relationship:
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Monthly: Volume decline & Price up (Something fishy)
Weekly: Volume is supporting the Price movement but the last candle showed rejection from the top.
Day: Yes Volume is supporting price decline.
Now, look at the Red trendline & Black trendline intersection part, If goes below then further decline we can expect else vice-versa.
Axis Bank for Long Term InvestmentAxis Bank For long term
Axis bank looking bullish for long term
NSE:AXISBANK
Axis bank - Channel breakout Channel is as marked on the chart. Breakout, target & SL is as shown on the chart
This is my view and for educational purpose only
Axis BankRetesting of swing will be successfull if EOD closes with this Pin bar kind of candle can look for long if this is how it turns out by EOD
WATCH FOR A TRENDLINE BREAKOUTAXIS BANK :
1) The stock looks good above 647.50
2) Wait for the trend line breakout to take entry
3) The last candle indicates a strong buying pressure with 0% rejection from opposite force
4) Target levels are mentioned in the chart
AXIS BANK bullish TARGET 867AXIS BANK weekly channel breakout.Near to monthly resistance breakout by 824. If it opens above 805 and sustain above 824 it will reach Target 867
AXISBANK T1 Hit, T2 Updated !!NSE:AXISBANK
#NSE:AXISBANK shared and reached T1 and heading towards T2 levels updated.
Axis Bank gives another chance Axis Bank recently broke out of a beautiful double bottom with long term trendline support and has made a pullback and taken support on the 200EMA giving a possibility to add to new positions or take a long trade if the first oppertunity is missed.
Traget: 800.65 which is the double top level from where axis bank fell in the recent bear market
1:2 risk to reward should suffice
Keep It Simple
AXISBANK 75m.. Cup and Handle within Head and ShouldersAXISBANK 75m chart is exhibiting a cup and handle bottom formation within a broader tilted Head and Shoulders formation. 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.
Axis bank Ready for 800
Trendline Breakout
Check stock like Grasim, India Cement, Lic Housing how it moves after Trendline breakout in Bullish market
Long term target 850
AXISBANK Cup & Handle !!NSE:AXISBANK
#NSE:AXISBANK formed beautiful #Cupandhandle pattern.
Closed above resistance level. sustained above the level may show good momentum.
Axis Bank Long 4h chart. Keep a strict watch.Educational purpose only!
Breakout on an ascending triangle 4h chart by forming a good Maribozu stick.
Personal targets as follows
SL: 770
Target 1: 800+
axis bankthis looking good for BO PLAY AS IT HAS MADE AGOOD BASE NOW SUSTAING AT TOP RANGE OF BO LABEL
AXIS BANK....Another strong stock from banking sector after ICICI & SBI bank.
Can move towards 820-860+
AXISBANK - Ichimoku Bullish Breakout Stock Name - Axis Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 783
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
AXIS BANKAXIS BANK ....
1 - forming cup and handle
and flag pattern BO
2 - good volume
3 - good rsi momentum 65
4 - strong bullish candle
buy above day high
AXISBANK - Range Breakout with VolumesNSE: AXISBANK has broken out from the consolidation range.
Today's volumes and candlestick indicate demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with the trendline support over the past few days which is creating the uptrend.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Axis bank 15 min Axis bank can be longed until the Trendline support does not break , a possible retraction until .236 level will be. A good entry. Long term targets coming out to be 767,775 (refer to pink lines)
EMOTIONS | THE SEE-SAW of GREED & FEARAs your time spent with the market increases, you start to discover things about the nature of the trading game. Why they say its simple not easy. Why do 95% of traders end up losing money? Why is consistency so difficult to achieve? Can I even make consistent profits? Only after going through huge drawdowns, it gets embedded within your psyche. You realize that only you are to blame. Not the indicators, not the market, but your own...
{{ GREED }}
Greed can have undesired consequences on your trading if you let it take hold of you. These points I am going to mention are from personal experience:
1. Overtrading: I suffered from this for more than 3 months. Majority of my days kept ending in profits. I was confident in my trading. But the CHARGES kept adding up. At the end of the month, my net PL was deep red. Happens when "revenge" trading, trying to "win back" your losses.
2. Taking marginal setups: Taking setups that are not there in the first place. Happens when market is consolidating. You are faced with "boredom". There isn't a specific direction or trend. But your itchy hands start to take any setup there is.
3. Expecting more as "compensation": Again happens after string of losses. Now you feel the market "owes" you a winner. So, you keep holding to your trade beyond your exit plan. It suddenly drops. You end up booking less than 1:1. You end up frustrated.
4. Overconfidence: You are the "MIdas Touch" trader. Whatever you lay your hands on, it turns to gold. You feel nothing can go wrong now. Euphoria. You increase your lot size. You don't preset your SL. Happens after when you're on a win streak. The point when you need to be most cautious, you are most careless.
____________________________________________________________________
{{ FEAR }}
Fear is vital for human survival, & for survival in the markets. One must not eliminate fear to succeed. He must rather acknowledge the fear in his mind, & proceed to take control of it. Of course, everyone here knows this is easier said than done.
But fear does make you do certain things that are detrimental to your trading success.
1. Under trading/ Hesitation: You pick & choose your trades. You only take the trade that "feels" right to you. If there are 3 trades you identified based on your setups, you take only 1, making sure everything is "perfect". What happens? The trade you took turns a loser, & the other two - winners. Happens on losing streaks. You feel the market is "against" you. So you trade less so as not to "anger" the market.
2. Missing Setups : You refrain from trading altogether. Happens when your losses have piled up. Although a break from trading here & there is necessary, not trading is not the solution.
3. Leaving money on the table: "Ill take what I can get" mindset. Happens when you're impatient. You so desperately want to end the day with profits. Maybe you want to post the screenshot on instagram. But the low RR that you're booking will NOT be able to cover your loss days when they come.
4. Self-doubt. You are afraid of the market. You feel like a bad omen. A "Panauti" in Hindi. You convince yourself that any trade you take, will be a loser. A string of losses can create self-doubt that is very difficult to eradicate. Or maybe you have something going on in your personal life that is affecting your trading & causing self-doubt.
{{ PLANFULNESS }}
I came across the term "planfulness" in the book "Psychology Of Trading by Dr. Brett Steenbarger". He asserts this to be the solution to deal with trading emotions. Being planful & rule-governed. I am trying to incorporate pure planfulness in my trading. This is what planfulness is to me:
1. Trading ONLY your setups: Not something that "looks" like or "feels" like your setup. Even if it is 99% similar to your tried & tested setup, you must NOT take it. No making up new setups on the spot. Only back-tested ones. If there are NO trades available for your setup, sit & WAIT.
2. Trusting the setup's expectancy: The term "expectancy" is elaborated in the book 'The universal principles of successful trading -by Brent Penfold'. In brief, as long as your setup's expectancy is positive, that setup is money-making. The point here is not to get affected by the outcome of a single trade, but judge your results based on a sample size of trades. You may experience a string of losses, but as long as your expectancy is positive, you will be in net profit over a sample size of trades.
3. Taking ALL instances of the setup: Straight from Mark Douglas' "Trading in the Zone". if there is a trade based on your setup, you take it. Period. Only then can you judge the strength or weakness of your setup, & change it if need be.
4. Proper exits & SLs. I am sure there are a no. of trades where you exited, only to see the trade shoot up far beyond your take profit level. Again planfulness dictates that you stick to your RR no matter what. That is the only way to move forward. You cannot predict whether your current trade will shoot to 1:20 RR or not. But if you wait, you will end up booking less than 1:1.
5. Trading in the Zone: "The best loser is the long-term winner". Acclimatize yourself with loss. As long as you're not ready to accept loss, you will always be out of the zone. I am trying to do this myself. Hopefully we all succeed & get in the Zone together.
Thank you:)
Axis Bank: Good Support #axisbankGood Entry for Swing Trader
Entry: 740-750
Exit: 800
Good opportunity to get a nice return. Sell at 800 and analyze the trend and wait for entry.
#axisbank
