AXB trade ideas
AXISBANK Break trendline and bullishIn 1 day time frame trendline breakout was done and not at 1136.95 with a good volume.
For now volume support zone 1119.15.
If price break 1151 with good volume then a big move we can see here. Be alert.
support zone 1119.15-1109
Support 2: 1081
if price consolidate between 1109-1136 it's for intraday .
after break 1151 it's a good for long for investor.
AXIS BANK Analysis for Short termIntraday view stock is in down trend. It's follow a trendline . When price will be near at or touch trendline we can shorts our position. For long term investor buy on dip . It's a best options for them .
Support: 1092
Resistance: 1104
Maximum volume at 1100 (So we can think if price will be near this level and create a bearish candle we can make a position on shorts)
As expected if continue the downtrend price will be come at 1090. if near 1090 any bullish candle will be create at 15 or 30 or 45 min then buy .
Level 1090 was the Fibonacci retracement zone.
Bullish position will be create when price will be trade upper 1104.
Ignoring the rules of Game , End of Masala dosa There are Many Pandits who tend to repeat that rules of Game must be met , in this case
The Wave Theory rules must be met , but in reality its a Masala dosa that ended in your plat
so thinking vertical , taking decisions in timely manner will give you an advantage even you
Brake the Rules of Game ,
Remember its you who is playing the Game , not the otherwise
I am informing my personal opinion about the Maturity of the stock as Yield of investments
Good luck
AXIS BANK - POSITIONAL LONG OPPORTUNITY Positional Opportuity above 1100.
SL:1088
TP1:1138
TP2:1150
TP3:1168
Give this post a like, if you agree with this analysis.
Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.
Axis bankPrice is moving within the range of 1080 to 1106 for the past few days. How we can trade on it?
1. Buying at the support & selling at resistance.
2. Selling at resistance & buying at support.
3. If the price in moving without testing support/resistance, it means the range is narrowing and we have to wait for direction confirmation.
I just listed 3 possibilities, but there are many.
Buy above 1085 with the stop loss of 1079 for the targets 1091, 1097 and 1103.
Note : Do your own analysis. You are responsible for whatever you do.
Bearish Signals Emerge: AXISBANK Shows Descending TriangleTechnical Analysis: AXISBANK on the 30-Minute Timeframe
Hey Traders,
I hope you're all having a profitable day! Today, let's dive into AXISBANK and explore an interesting pattern that has caught the attention of many technical analysts – the descending triangle.
Chart Setup:
- Stock: AXISBANK
- Timeframe: 30 minutes
Pattern Recognition: Descending Triangle
A descending triangle is a bearish continuation pattern that often signals a potential downtrend in the near future. This pattern is characterized by a series of lower highs forming a descending trendline, while the lows remain relatively constant, forming a horizontal support level.
Key Observations:
1. Descending Trendline: Notice the clearly defined descending trendline connecting the recent lower highs. This suggests that sellers are becoming more aggressive as the stock fails to make higher highs.
2. Horizontal Support : The horizontal support level at the bottom of the pattern indicates a consistent buying interest, preventing the stock from dropping further. However, if this support level is breached, it could trigger a significant downside move.
3. Volume Analysis : Check the volume during the formation of the pattern. Decreasing volume as the pattern develops is a common characteristic. However, a sudden surge in volume upon the breakout or breakdown is a strong confirmation signal.
**Potential Trade Setup:**
Entry Point: Consider entering a short position if the price breaks below the horizontal support level with a confirmation of increased volume.
Stop-Loss: Place a stop-loss slightly above the descending trendline to mitigate the risk of a false breakout.
Target: - Project a potential downside target by measuring the height of the triangle at its widest point and subtracting it from the breakdown point.
**Risk Management:**
As with any trading strategy, it's crucial to manage risk effectively. Only trade with an amount you are willing to lose, and consider using proper risk-reward ratios.
Remember, technical analysis is a tool, not a crystal ball. Market conditions can change rapidly, so stay vigilant and adapt your strategy accordingly.
**Disclaimer:** This analysis is for educational purposes and should not be considered financial advice. Always do your own research and consult with a financial advisor before making any trading decisions.
Good luck, and may the charts be in your favor!
*Happy Trading!*
Happyness Pro
AXIS BANK 1D TF Analysis -2/18Pattern -- Elliot wave impulse formation
Current wave - Wave E
reason:
1) wave D not overlap wave A territory( check in monthly chart)
2) Wave E reached 1.618(1162) level of FIB.(Before it look a resistance at 1.232(955)level of fib).
Daily TF Analysis:
1) It look resistance at 1.618 level +highest OI
2) Histogram showing some weakness in MACD
3) RSI revering (Momentum fading down).
Immediate S&R:
Support -1109-1100
Resistance -1162
As per parallel channel pattern it may reach 1370( 2 level of Fib if it breaks 1162 level.
Analyzing Axis Bank: an opportunity to go LongAxis Bank appears to present a favorable opportunity for a long position. I've outlined the entry price, stop loss, and target levels for this stock within the chart.
Please keep in mind that these are my personal opinions, and I don't recommend you follow them as stock tips. I encourage you to study the chart and share your feedback so that we can collectively enhance our understanding as a community.
Axis Bank : Cup&HandleTrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 980 and keeping a stop loss of 927 , look for the target of 1100-1120 in the coming weeks.
Buy: CMP i.e. 980
Stop loss : 927
Tgt: 1100
Theory:
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.
Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory.
Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.
Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
Wait For retrace for good profit either week or month for succesWhy to trade? Aim only for long term.
1. At this highs with some fundamentals, it is under valued,
2. Breakout,
3. At trade, it is retraced(The Professionals Secret),
Thanks for Day Trader Telugu and other masters helped me to learn market.
I am not a SEBI registered Adviser,
please do your own analysis or consult
financial adviser for Entry, stop loss or
Target.
$NSE:AXISBANK AT ALL TIME HIGH NOW WHAT?The stock has reached its all time high levels and is now trading in an open territory with no resistance but as per the data suggests the stock has seen aggressive call writing at the levels of 1100 so the stock can see a halt there but before that the chart looks strong and a clear breakout on the weekly charts has been seen. One should look to buy on dips for targets of 1060-1100 with a tight stop loss below 960 on a weekly closing basis.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.