Axis Bank CautionIf you have Axis Bank in your portfolio or have long directional trade then today's low is very important for trend reversal. if today's low breaks tomorrow or in the coming session then the trend can reverse from the upside to the downside.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
AXB trade ideas
Double Top A double top is a bearish technical reversal pattern.
It is not as easy to spot as one would think because there needs to be a confirmation with a break below support.
While a double top is a bearish signal, a double bottom is a bearish signal.
Top tops usually have an upswing, initial peak, trough, second peak, and neckline.
Investors can short trade after the break or place small trades, as double tops may have limited profit potential.
Script = Axis Bank
Time Frame = 1 Day
Axis bank case studyAxis bank spot cmp 985
Weekly time frame
Wolf wave + elliot wave study.
Elliot wave :- counter is trading in sub wave (v) of major wave 5 , where after motive phase gets terminated.
Price wise levels of 1015-1035 would act as a range where wave (v) could mature.
Ascending trend line resistance of wedge structure confluence around same levels.
Rsi in this last move have given bearish divergence.
Wolf wave :- on smaller time consideration wolf wave formation is being observed , which would mature around 1020-1040 levels.
around 2-3 major studies maturing around same range, on weekly time frame,
so going ahead counter would lots of selling pressure around this levels,
fresh long should only be considered above 1050 levels on weekly closing basis.
below that caution is required any time counter can slide to much lower levels.
Bulls keep caution ahead,,
AXIS Bank Update on the existing Idea . A follow up on the idea .
The stock broke the descending channel which is already mentioned in the previous chart and took support around the 50 % of the Fib levels with good volume and rejected .
I have added parallel channel to have a clear view so the stock is still inside the channel . The Support / Demand zones stays the same (800/820/840) where as resistance is at 900-910 / the upper limit of the channel .
Trade what you see not what you feel .
This is just view based on current market trend and pure analysis purpose .
Please consult with your financial advisor before you deploy any real money for trading .
ROUNDING BOTTOM PATTERN - AXIS BANKStock gives breakout of Rounding Bottom on daily timeframe and price retested the resistance.
Now this stock has the higher chances of moving upwards.
CMP :973
Target : 1040
Stoploss : 947
This is not a buy or sell call, this analysis is shared for educational purpose.
EXICITING BULLISH PATTERN ALERT📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: AXIS BANK
🔍 Description:
Moment Stock with Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Axis Bank technical chart analysisAxis Bank technical chart analysis
Strong support zone is 845-822
Strong resistance zone is 1000-965
Impulse wave
Impulse wave has completed (1-5) on daily basis.
Wave 1 & wave 5 are equally.
Wave 3 is longest wave.
Wave 2 taken less time as compare as wave 4 ( in corrective pattern).
Corrective wave
Corrective wave is pending & expect it may flat or zigzag pattern, elongated, running etc .
Touched Fibonacci R3 resistance level at present (988)
RSI is making LL & Price is making HH on daily chart. (Divergence)
On balance volume indicator making divergence
Target:
Downside: 38.2% must to be came at least this level 905
Upside: 1218 level but take a time month/years.
Note: Axis is all time high. It is not possible breakout in second attempt. Therefore it should be correction
This is only education purpose only
AXIS BANK - Chart Analysis || 17th April, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for AXIS BANK
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange
DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
best stocks to buy today
best stocks to buy now
best stocks to buy
best stocks for Intraday tomorrow
best stocks for long term investment
best stocks to buy today india
best stocks for swing trading
swing trading strategies
swing trading beginners
what is swing trading
swing trading stocks
swing trading stock selection
swing trading kya hai
nifty analysis
nifty view
bank nifty analysis
top stocks to buy now
strong stocks
nifty view
nifty prediction
stock market view tomorrow
bank nifty Levels
bank nifty prediction
share news
stock market news
best stocks to buy now
profit booking stocks
multibagger stocks in discount
breakout stocks
best short term stocks
best short term shares
next multibagger stocks
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = Axis Bank
Time Frame = 1 Day
Axis Bank LtdAxis Bank Ltd.
ABOUT
Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.
KEY POINTS
Market Leadership
The Bank is the 3rd largest private sector bank in India. It is the 4th largest issuer of credit cards and the 2nd largest merchant-acquiring bank in India with an installed capacity of 10 lakh+ terminals, acquiring an incremental market share of 30% in FY22.
Branch Network
During FY22, the Bank added 164 branches to its network. At present, it has a total of ~4,750 branches, 16,900+ ATMs and Cash Deposit/Withdrawal machines, and 145+ SME centres. The region-wise breakup of branches is as follows:
Metro - 30%
Semi-urban - 30%
Urban - 23%
Rural - 17%
Loan Book
Retail loans account for 57% of the bank's loan book and corporate & SME loans account for the rest 43%. The retail segment has increased its share from 41% in FY16 to 57% in FY22.
Retail Book
Home loans account for 36% of retail book, followed by rural loans (14%), LAP, auto loans and personal loans (each 11%), small business banking (7%), credit cards (4%), Comm Equipment (2%) & others (4%).
Market Share
As on 31st March, 2022, the Bank has 5% market share in assets, 4.8% in deposits & 6% in advances in the Traditional Banking Segment. In the Digital Banking Segment, it has a market share of 15% in UPI, 14% in mobile banking and 12% in credit cards circulation in India.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Stock breaks the previous swing high.
2. Stock trading at it's 52 Week high.
FUNDAMENTAL ANALYSIS.
Sector: Banks
Industry: Banks - Private Sector
1. Market Cap - ₹ 2,98,092 Cr.
2.Capital Adequacy Ratio - 18.54%
3.Net Interest Margin - 3.47%
4.Gross NPA - 2.82 %
5.Net NPA - 0.73%
6.CASA Ratio - 45%
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning