A good breakout opportunityAxis bank reaching its high. Most probably this may lead to a breakout in the coming day. Keep this on your watchlist.
It seems to be a good opportunity if 822 levels are sustained.
Learn and earn..
AXB trade ideas
Axis Bank Triple Bottom Breakout Axis Bank is near breakout closing above 820 on weekly charts is must to confirm the same, can buy for targets of 920.
Disclaimer: I am not SEBI registered and all the analysis is purely for educational purposes. Not a buy or sell recommendation. consult your financial adviser before entering any trade.
Axis Bank hourly chart breakout patternAxis bank is about to give breakout above 818-820
Banknifty is bullish
Axis Bank at very crucial resistance zoneStock has never broken this zone since 3-4 years.
We can only go long on positional basis after a weekly candle close above 830.
Also, Stock can face resistance from this level. In this scenario, We can go short on this after a daily negative candle as RR ratio will be more favorable.
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AXIS BANK INTRADAY ANALYSIS.Prices have placed themselves at a crucial point where it can give a nice breakout or a reversal. After considering price action on lower time frames of 5 or 15 min, the prices can give a strong move as it moves above Rs 815/- or it can go into consolidation as it sustains below previous day's closing price.
#axisbank trade idea if breakout happens then it can move fast as we can see that level has been tested many times now if that level breaks then it will be a good buying opportunity dont miss this
this is only for educational purpose
At a multi year resistanceAxis is at a multi year resistance. Reached this level multiple times and pulled back. Watch for the breakout to happen. Results around the corner and could act as a trigger. Maintain SL.
AXIS BANK#AXISBANK is at resistance point of Rs.800. Currently under up trend, if breaks trend line with #widecandle then next leg of bearish will start. Expected point of bearish breakout at Rs.790.
#Axisbank cash : Strong resistance at 815-820 zone#Axisbank cash
16.10.2022
Strong resistance zone 815-820
4 tops formed at 815-820
Cmp 800.50
Axis Bank Chart analysis |Result DayAxis Bank Chart analysis
Negative divergence observed...
We should be in hurry to take it...wait for perfect time
Axis Bank ShortStudy Date-14-10-2022
Degree Two Divergence Short Axis Bank Below 804 Add More 830 -840
Stop Final 855
TR1-752
TR2-712
TR3-685
TR4-652
Axis approaching breakout #axisbank
Good pattern formation on weekly charts.
In daily charts it's a breakout, but won't take it becoz of low RR.
Waiting for weekly breakout to enter
#vr
Weekly Breakout in Axis BankBuy above 817
Stoploss 785
Target 866/900
Weekly breakout in axis bank with rising volume
Axis Bank - Will it break or not?Axis bank is continuously moving in a channel. Now it made a bowl pattern at its resistance level from where it can give a 2-3% rise if breaks.
Another point is that we can see a good fall if it faced rejection. It can later go up to the lower level of the parallel channel .
As of today, it closed with good volume if the market opened in a good range then we can see good buying in AXIS BANK, which lead us to the target of 830 from our current position and the second target of 850 (where it previously faced resistance)
If the stock faced resistance then we can see consolidation for some time and that consolidation will decide its upward and downward direction for the downward direction we are having the support of 785 and the second support at 750.
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
Preparing for a BO ?????>In a consolidation zone dec 2018
>7th approach to resistance i.e - 815
>6th approach post 2020
> Trading above 200 MA in both weekly & daily chart
>Strong Bounce from 200 MA on a daily chart
AXIS WOKE UP AGAINAxis bank looks good by breaking falling trendline resistance with good margins and succeed to close above that, giving bullish divergence breakout on RSI indictor too by breaking pervious resistance on that so we can see a nice up move in this stock from here.
Cause of long-:
1- Falling trendline breakout.
2- Rsi indictor breakout.
axis bank long it may go long as per my analysis you should do your own too please wait for confirmation then go for trade with stop loss NSE: AXISBANK
AXIS BANK: Three Black CrowsStock has witnessed selling pressure from the previous swing resistance on the daily chart and formed a Bearish reversal candlestick pattern which is know as Three Black Crows. Prices have also broken the rising trend line established from Jun'22 low of INR 618.25 which suggest that prices may face more weakness in the coming days.Hence any retracement from the current level should be taken as selling opportunity for the downside objective of 700 zone which is fibonacci 61.8% retracement level of the previous rally.
In the Three Black Crows Candlestick Pattern, all the three candles have bearish close consecutively.
Each candle opens and closes progressively lower than the first.
Each candlestick should have big real bodies and very small or no shadow.
Trading strategy: Sell on rise near 760-770 keeping SL of 794 and look for the target of 720/694
AXIS BANK - DAY CHART - 26.09.2022 - BAHAVAN CAPITALAXIS BANK as per Daily chart analysis stock Below 738 then Target is 732 / 722 / 714.
With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183.
I have Bought Vedanta and will continue to buy more stocks during this correction.
Happy Profitable Trading to all..
Happy Navaratri wishes to All...
