Short Axis BankAxis Bank form Head & Shoulder Pattern in daily time frame
RSI Below 40 - Bearish Sign
Short Build up in future - bearish signal
sell near 904
target 840
AXB trade ideas
head and shoulder in Axis BankHead and Shoulder pattern formation in Axis bank. Buying opportunity will be there around 830-840
AXIS Bank Short Term view Axis bank had a good consolidation for the past one and half month and it broke out of the zone with a strong bearish sign .
This break down can help in the descending wedge channel that is being formed from 960 levels .
Once the channel is completed , we can get a more view on which side the stock is heading towards with the additional pattern of flag and pole .
If you are planning to long / short suggesting you to avoid till the budget session is completed & for the channel to be completed .
Price levels 800-820-840 acts as crucial support/demand zones as the weekly breakout happened at this price .
Axis Bank Weekly TF Analysis Current trend:
1) 1) Top of parallel channel
2) Candle Formation - hanging man pattern
3) Took a resistance around 1.236 level of Fib
MACD:
Weakens in histogram along with MACD line crossing over signal line -- Bearish Signal
Support:
if it break 900 level of support (closes below 900 in daily basis) next target around 827 level
Resistance :
Previous high 970 level..
Trade:
once can sell call option above 970 level and put option below 820 level
Axis Bank Accumulation ZoneAccording to me, any dip in Axis Bank should be treated as an accumulation opportunity. Axis Bank looks very strong on the charts. It gave a multi-year breakout and with banking shares declaring solid numbers across the board, one should try to bet on good banks in the market. SL is still marked for those who want to trade, I am buying for investment.
Axis bank bullish above 940 positional trade Buy axis bank 940 to 945 stop loss 932, targets 950,960,970 positional trade
intradaywait for the entry . important zones are marked
follow risk management and control your emotions
Axis Bank Swing trade Buy Nifty 50 Axis Bank Swing trade Buy Nifty 50 : Educational Idea Only Not a Buy Sell Advice Follow for more learning price action analysis
Pattern : Ascending Pattern
Type Bullish
Green Rectangle is Major Support
Entry Confirm After
RSI Divergence Cross Dotted Middle Line 0
Reason : on Big Time is in Uptrend
Reason 2 Fib. Confirmation
Tgt 1 is 949-957
tgt 2 976-980
SL 927
Entry 935-938
Time : within week
Buy AxisBankBuy Axis bank (15 minute cahrt)
CMP 925
First target 935
second target 943
Stop loss for low risk trader 920
Stop loss for risky trader 917
RSI above 60
AXISBANK: Ready to be steadyThe H&S strong support is 906. With 912 spot SL one can try out 920 call if and only if it trades above 922 for 15 minutes.
AXIS BANK CHART ANYLYSISAfter getting Trendline breakdown Axis get Sharp fall now its Previous Support area if it getting BreakDown at 15minCandle We can See some lower levels again
AXIS Bank chart 2 hrCurrently AXIS Bank chart 2 hr time frame seen SELL ON RISE..
But when it brake level upside 963.. it will go upside..
Keep add this stock in your watch list...
#Axisbank short below 930, F&O traders can get 2.75% gainsAxisbank has made inverted hammer candle on weekly Time frame which is a bearish sign for me. Now I will be planning to initiate shorts trades in 2 ways
1) Once price goes below 930, will go short targets will be a) 922 b) 908 c) 900 Sl would be 944
2) Price retraces to 949/960, shows signs of weakness and then I will initiate short. This will be the best case scenario with low risk and high reward setup. In this case my targets will be a) 930 b) 915 c) 908 d) 900 SL would be around 968.
Let's be a disciplined trader and respect risk.
Stock Idea: Axis BankAxis 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 lacs+ terminals, acquiring an incremental market share of 30% in FY22. Axis Bank gave a very strong breakout on multiple time frames. I believe the rally has just started. This stock should be in every portfolio for the coming years. Keep a Stop Loss around 900 and go long.
Axis bankPrice has broken the trend line and now its consolidating. Price movement will be slow if it moves in between consolidation zone and trend line. Buy above 946 with the stop loss of 940 for the targets 951, 958 and 964. Sell below 936 with the stop loss of 941 for the targets 930, 924 and 918.
Axis Bank LimitedAXISBANK:- Rounding bottom pattern has been formed, if it gives breakout and sustains above resistance, then we can consider buying, otherwise ignore. keep in radar.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
AXIS BANK - DAY CHART - 03.01.2023 - BAHAVAN CAPITALAXIS BANK as per day chart analysis
STOCK ABOVE 966 TARGET 972
Happy Profitable Trading to all..
Axis Bank can reach All Time High , If it breaks the ChannelAxis Bank can reach all time Target of 958 to 960 if it breaks the channel as per Chart
axisbank chart 3-1-2023buy 935
sl 931
target 943-950-959
axisbank buying best moment 935
my first target 943-950-959
sl near 931
Axis Bank Next Week supports & resistances #AXISBANK
This will be talk of the town for next week. Just see and understand what I want to say you. Share your thought me at in comment Section. Don't miss this opportunity
Idea Credit: Vikas Benz
Axis Bank Swing TargetsThe FASP for Bandhan is listed for 29-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: Up to 6 Months
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
AXIS BANK - DAY CHART - 27.12.2022 - BAHAVAN CAPITALAXIS BANK as per Day Chart Analysis Stock ABOVE 938 TARGET 943
Happy Profitable Trading to All....
