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
[E] The Bollinger Bands Indicator - IX Conversely, if you change this to a higher setting, 30 periods, for example, then the indicator will be less sensitive to price movements. This will result in smoother wider bands that price will reach and break through less often.
This will offer less trading opportunities, but the signals will be more reliable.
[E] The Bollinger Bands Indicator - VIIIIf you change this to a lower setting, 10 periods for example, then the indicator will be more sensitive to price movements. This will result in choppy and narrower bands that price will reach and break through more often.
This will offer more trading opportunities, but the signals will be less reliable.
[E] The Bollinger Bands Indicator - VIIYou can also use the distance between the bands to indicate how volatile the price of an asset is.
If the distance between the bands is large, this indicates high volatility.
Conversely, if the distance between the bands is small, this indicates low volatility.






















