AXIS Bank Look good for Medium term InvestmentAXIS Bank Looking good on Daily charts possibly completing Cup Pattern which bring targets 7-8% in next 1 Months.
Further CUP Pattern Breakout can Open Room for more upside on stock with targets 10-15% upside in next Quarter after breakout.
Happy Investing.
AXB trade ideas
AXIS Bank - Intraday Trade || 26th May, 2023 #stocks Traded for Intraday Today (26th May, 2023)
AXIS BANK (5min TF)
Entered LONG at 11:05am
✓ Achieved 0.52%
✓ R:R = 1 : 4
Exited LONG at 1:15pm
✓ The stock opened with a large red wick candle and below yesterday's close
✓ Waited for the marked to settle and saw that it was making a symmetrical candle
✓ On the breakout of the triangle on the topside we entered with SL below the triangle
✓ Target was 1:4
#stocks #intraday #priceaction #followthetrend #intradaytargethit
Watch out for Axis Bank 1HR TFAfter analyzing Axis Bank's stock, there are indications that a potential breakout may occur in the near future. 1HR TF, Channel Pattern
However, it's important to note that stock market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
Axis Bank ready to BullishBuy Axisbank Closing 895.95 with stop loss 870 then targets are 930-950-980.
Buying Reason.
1 --> Price is made the perfect breakout.
2 --> Price is close above all EMA.
3 --> RSI is above 60.
4 --> ADX is showing the Bullish move and +DMI Rise.
5 --> Volume shows the perfect Breakout.
6 --> Bollinger Bands are open on the upside.
AXIS BANKAXIS Bank is at a good level to buy. You can start with small quantity and further increase quantity after a bullish confirmation.
The three possibilities are marked in the chart. A good stock to keep on your watchlist.
The only downside is the volumes, they are indicating a short position, please trade with proper risk management