AXB trade ideas
Axis bank seems bullish Axis bank has given a descending triangle pattern breakout.
Though the stock has closed just below the resistance level of 726.
The breakout has been confirmed with the volumes.
RSI is also showing a bullish divergence on 15 minutes time frame.
Levels are mentioned on the chart itself.
Wait for the price action confirmation near the levels for entering the trade.
Trading ExecutionThis post is about simple entry,stop & exit,adapting the market movement. It will be useful to new traders. Watch it fully so that you wont miss important points.
Most of the time we do analysis and market give completely different scenario to handle. In this post I have explained about the trading execution using my yesterday’s analysis. I have explained the entries & stop.
Analysis - Reliance – Double top resistance @ 2400 – 2410. Mildly bearish. Price didn’t fall and went up.
Analysis-HDFC – Trend line support – neutral. Today took support & gave 35 pts move. I have marked the entry in the video.
Analysis-Infy – Consolidation –neutral. Today gave break out of 50 pts.
Analysis-TCS – Trend line support – neutral. Took support.
Analysis-ICICIBank - @ trend line support – neutral. Today gave 15 pts move.
Analysis-HDFCBank – Consolidation – no trend. 40 pts move today.
Analysis-SBIN – Consolidation – no trend. Gave upside break out for 10 pts.
Analysis-Kotak Bank - @ trend line support –neutral. Took support and gave 50 pts move.
Analysis-Axis bank – Descending triangle – bearish. Gave upside break out.
I have shared the link in which I have done the analysis.
AXIS BANK Wyckoff AnalysisAxis Bank Chart seems to be in Distribution Schematic of Wyckoff Trading Method Analysis. Probably short Period of time Axis Bank will give some short opportunity, move toward the price approximately 500 and after that some consolidation and Might be some rally can be seen in the future because of long term uptrend. For positional call right time to enter in the trade is to 500 and the possible TP could be 1200 from technical point of view. But who knows what future might hold?
Short Axis bankAxisbank is looking week in Daily chart
If you see the structure then seems breaking the support trendline but intraday got some support
If break 725 the expecting 685 and below
725 is crucial zone for Axisbank.
Technical indicators like RSI ROC Vortex is again showing selling sign.
Trade in option hedging that will give you confidence
Axis Bank Long SetupAxis reversed from the S1(729.40) level and closed above the Bullish Reversal zone indicating upcoming momentum towards upside in stock till Bearish Reversal(802) & R1(816) price marks. There are multiple support levels for the price, 1st at Bullish Reversal (744), 2nd at S1 (729.40) and last support stands at 714.50 which is also a Bearish breakout zone if stock crosses below this mark then we can see more bearish momentum in upcoming days. We can plan our trade based on these levels, till now we are long on the stock with stoploss below 729.