AXB trade ideas
Axis Bank - Long - Live Analysis
Check the analysis of last three years of Axis Bank; based on Gann, Elliott Wave, Fibonacci and Wycoff Analysis. Only the picture can tell you he story for FUTURE, what happened in past is merely history.
Thank you. Happy to share. Please check my previous posts on Axis Bank. Providing you the links.
Axis Bank - Ready to fly above 947
Marked are the pink vertical lines to note the time when did the ways start and end. Of late, i.e. on the last day of trading on 18-09-2023 (after completion of counter ways A, B & C), price is stuck up in a red rectangle having support of red line from top, black line as the horizontal support and the trend line coming from way 2 and 4.
Support level of the rectangle, 1H time frame is 930 and 946 is the upper limit. 947 is a major resistance, once broken - expect a level of 961 and 1002.
Please use other indicators like William %R, RSI, EMAs or SMAs for your execution.
Disclaimer:
This content has been created only for educational purposes. The Analyst is not SEBI Registered Analyst. For any of your losses or profits, author is not responsible.
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Axis Bank looks weak below 947Axis Bank looks weak below 947 can see price of 939 and 927 if trades below 947. RSI also looks weak.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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Axis Bank - Long above 937.11
*Author Uses Confluence of Gann, Fibonacci & Wave Analysis with his own unique, easy to understand leading indicator. for wave and sub - wave counting. No complex calculation required for PRICE,TIME & VOLUME Analysis.
*Works for long term investing, swing trading and intraday also.
*Analysis of Axis Bank shows that it is ready to make new highs above levels as shown in the previous analysis also by the Author.
Statutory Warning:
The author is not a SEBI or any Regulatory Authority Registered Analyst.
The content has been created only for sharing of knowledge. Please consult your Financial Advisor before making any decision. Author is not responsible for any of your losses or profits.
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Axis bank inverted head sholder patternif rejected from 996
its means its making right sholder in weekly time frame
sell till 856
sell stop loss 996
above trade line sustain then buy
in my opinion its make
inverted head and sholder pattern
in weekly time frame
above 996 fast move target 1165 in 2 week
buy entry level 856
Axis bank Looks BearishAs Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 768-66 Level then probably it will test 760,755,750 Level if you are ready to take risk then go with 760 PE
Buy Axis Bank 760 PE Near 9, SL 6, Target 14,16 Time Frame 1-2 Days
Only For Educational Purpose.
Axis Bank stock technical analysisIdea:
I am bullish on Axis Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 990. I am looking for the stock to reach a target of 1050 in the next 2-4 weeks.
Entry:
I would enter a long position on Axis Bank above 990. I would use a stop loss of 985.
Target:
My target for the trade is 1050. I would exit the trade if the stock closes below 985.
Risk:
The risk on this trade is 50 points, or 5% of the stock's current price.
Notes:
This is just a trading idea and not financial advice.
Here are some additional factors to consider when trading Axis Bank:
The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for Axis Bank to break out of its current trend.
The news flow. Any negative news about Axis Bank or the banking sector could weigh on the stock price.
Please do your own research before making any investment decisions.
Shift in trend structure: HH & HL to LH & LL formation|AXISBANKNSE:AXISBANK
Axis bank 1 hour chart is forming higher highs and higher low but now after formation of 2 highs at a same level at 990 the price has tried to break the level 3rd time and it has formed a lower high so now one condition is fulfilled and we need a 2nd condition which is form a lower low and that will be created after the price breaks below 953 Neckline.
All the important levels and full analysis is mentioned on chart.
The above information is for educational purposes only, Before acting on any investment idea please do your own analysis and follow proper risk to reward.
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Axis bankAxis bank on a daily time frame,
consolidation between 990 - 950,
If it breaks in the lower side means a double top pattern form,
If it breaks the upper side it means a rectangle pattern forms,
so wait and watch which side breakout happens
Can Trade Accordingly.
Note:- Education purpose only.. not advice to buy.