AXIS BANK-long for 8% up movepirce forming an inside bat above 50 day EMA
18day EMA crossing 50 day
MACD crossing zero line
target and SL marked
AXB trade ideas
Axisbank Support Level ExplainedAxisbank had given a breakout around 1100 level and made a high of close to 1130 and higher.. its resistance can now be well backed by a good support at 1100, On monday we can expect axisbank to open lower and fall even lower only to take support around 1100 and from there on we can expect further upside for axisbank.
Entry level 1100
Stop Loss 1080
Target 1145
Happy Trading,
Yamini Prabu
NSE,NISM Certified TA,
Independent Trader and Trainer
axis bank buy on dipsbuy from cmp to 1100
sl close below 1096
easy tg - 1130
tg2 - 1150
Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
Today Axis Bank buy given from 1105 hold it 1145 and 1180 + TargOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Axis bankPrice was moving in a channel pattern and today it has given break out. Trend deciding zone is 1080 - 1085. Price has to sustain above it to move up further.
Buy above 1085 with the stop loss of 1076 for the targets 1094, 1102, 1112 and 1122.
Bearish below 1076 and price may test 1060 level.
If price is unable to sustain the mentioned level, then once again price will go inside the channel pattern and the movement will become choppy.
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.
Trendline Breakdown in AXIS bank27 Feb price break the trend line. It's indicate that price will go down with in couple of days.
Short resistance range: 1078-1077.30
Next Support 1: 1058
Support 2:1050
Education purpose only - AxisStock is taking multiple support and moving up and consolidating.. it should test its RVWAP in such situation...
Target should be RVWAP
SL should be multiple support area...
AXISBANK PARALLELCHANNEL BREAKOUTAXISBANK breaking parallel channel
with good volume
#target can be 1200
EDUCATIONAL IDEA
Range/ channelAscending and descending channels are also called trend channels because the price is moving more dominantly in one direction. This may be referred to as having bearish or bullish movement, as an ascending channel may be indicative of future new highs while a descending channel may be indicative of future new lows NSE:AXISBANK
Axis bank Long setup -Possibility of ATH. option selling 1020PEReasons for long
1. BN looking bullish
2. Price reacting from a weekly demand zone
3. In daily chart price made a "W" pattern
4. In daily chart price reacting from a daily demand zone
If PAYTM saga works : IF the shwoed it's move tommoew so as the axis , so as the whole banking stocks ... Favored foom the news RSI si under 45 too, amd still prettymuch away from it's resistence!
SELL AXIS BANK @ 1125 - 1130 FOR 100+ POINTS TARGETAxis Bank is forming lower highs and lower lows pattern and looking a good sell candidate around 1125 - 1130 for the targets of 1045 and below marked levels on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Axis Bank 1100 Target hit buy given from 1035 hold it 1160 TargtOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Structure Reading of Strong stocksStructure Reading of Strong stocks. How to read similar strong stocks but different structure.
Axis bank reversing from supportAxisbank is reversing from long support line.
Good for short swing trade.
Target will be previous high
Axis Bank ready for fresh upside watch on 8th fed buy side On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
AXIS Bank Follow a trendline for intraday 7 FebWhen ever price come to trend line it create a bearish candle and push down . And it respect now 1050 level . Which is a support level.
If tomorrow break this level then we can see a good fall .
Other wish if it break the trendline don't take trade aggressively . it may consolidate.
If you find any bullish candle at support level the you take a position of target of 1081.
13% in a week?buying bank stocks for the coming week doesnt seem like a bad idea, especilly when the output is 13%
Axis BankAxis Bank in uptrend its support near by 1040, 1020 and resistance 1105.
It is not a buy or sell recommandation. It is only for education purpose
Axis Bank Short OppurtunitySell Price above 1122
Stop 1153.80
Target 1043.15
Just for Educational Purposes not a recommendation/suggestion
Maybe try Paper trade
AxisBank: Hindsight AnalysisA Higher High Higher Low structure on price action is considered as an uptrend.
- In the Monthly chart, identify the first break of Higher High after a Lower High.
- Wait for Higher High retest and enter somewhere close to it.
- Cannot expect a stock to test the exact same value.
- Set SL as previous HL or in cases where there are other lows close by, choose the lowest one.
- Calculate the possible loss assuming the stock hits SL
- If you are OK with the calculated loss, enter.
- Trail the SL at every new Higher Low.
- Wait for breakdown of a Higher Low OR Target.
