Intraday Analysis: Axis BankThis is the intraday analysis for tomorrow (07 Jun, 22)
Axis Bank is making falling wedge pattern (which is also a bullish pattern ) in 15m timeframe and in 1h timeframe.
Price is at support so we can expect reversal from this point. Im buy biased for axis bank, I would just avoid the sell even if market breaks the second support.
Watch out for gap up and gap down opening tomorrow and see how they're reacting with these levels.
Happy trading :)
AXB trade ideas
Axis Bank consider for LongNSE:AXISBANK
Axis bank can be considered for long trade at CMP for the target price of 722.
Disclaimer: This is a trading idea, not an trading or Investment advice. this is for the purpose of training and education for students. consult your financial advisor, Investment Advisor before taking any decision or do your own research. the author may enter into trade. Take your own decision
Axis Bank - Cyclical Move, Price actionThis stock has been in a cyclical move since 2019 as can be observed from the monthly, weekly charts. Again it has reverted back from its support. This stock should continue its upmove in line with its historical cyclical movement. Upper price band seems be around 800.
#axisbank Swing trade opportunity NSE:AXISBANK
stock taken support from one of strong support level. target mentioned on trailing basis on chart.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
AXIS BANK: Peculiar Reversion Or Trend continuation?Axis bank has been in the consolidation phase for more than 15 months. Prices fall rapidly after the crossover of 50 & 200 EMA . We can draw two control lines which can be helpful for target measurement.
If the price enters into the parallel channel, and after retracement sustains above 680 , traders can trade for the following target of 692 - 714 - 752 . Demand pressure can lead to the price at the upper band of the parallel channel.
Failure of sustainability above 680 may lead to a new low.
Let market earmark first before you commit to the market.