AXIS BANK - 21.10.2022 - BAHAVAN CAPITAL - TARGET ACHIEVEDAXIS BANK as per day chart analysis posted on 12.10.22 Above 816 for Target 830 And its been achieved.
Advance Diwali Wishes
Happy Trading to All
Trade ideas
Axis Bank breakoutAxis Bank looks very strong. Picking a big position in this one for longer term. Stop Loss is marked on weekly. Buy for long term (2-3 years).
Axis bank breaking out on weakly opportunity for swing tradeAs we have seen in chart there is a fresh breakout in weakly Time Frame in the Axis Bank So after the closing of the weak we initiate buy position for target of 882 and 990 in upcoming 2 or 4 months with having SL of 803 closing basis
Axis Bank Breakout above Major Resistance (Ready for Big Rally!)Axis Bank Breakout above Major Resistance
Daily and Weekly Positive RSI
Crossed and Closed above major resistance of 18 Months
Reverse from Daily 233 EMA and weekly 31 EMA
Ride Trend till not closing below week low (Trend Reversal signal)
AXIS BANK MOVING TOWARDS ATHAxis bank broken out moving towards ATH 870
in uptrend trading above 20 ema
fundamental improving
keep in focus for study
Can we see some profit booking in Axis I know I know I know that price has formed a inverse head & shoulder and all
-->But if we observe recent rally there is no profit booking and price is at major supply zone.
--> We will get better RR ratio if we short here and if the plan works.
-->So Idea here is Sell CMP @812-814 level
-->SL - 820 level.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
--.If only price give closing above supply line then we can plan for longs.
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..
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
