Trendline breakout in AXISBANKTrendline breakout after steep fall
can be bought a CMP for:
TGT1= Rs 707
TGT2= 738
AXB trade ideas
Axis Bank is at Strong SupportChances of a reversal is very strong. Buy at CMP for the Target of 800+
Axis Bank, At its 11 Year old Strong Support!Axis Bank, at Break or Make point. It is exactly at a support, which holds this script for Twelve long years. We can expect a 35% return in this script.
i.e a Target of 920-935.
Don't miss the Discount sale!
Disclaimer - I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only
Axis bank - buyBuy from cmp to 675
easy tg 690
tg2 - 700
Disclaimer : This is my personal analysis for study purpose not intended for trading
AXIS BANK as per Pure PRICE ACTION analysis.Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Axis BankSimple Analysis..............................................................................................................
AXIS BANK : LOOKING BULLISH 📈 AXIS BANK
👉 Stock Formed INVERSE HEAD AND SHOULDER PATTERN and given clear breakout
⏱Positional
🔐Buy level = 723
🔓Stop loss= 704.-702
🎯Target 1= 765
🎯Target 2= 798 and above
Axis Bank : Failed Inverted H&S patternAXiIS bank showing failed inverted head and shoulder pattern.this neckline
resistance was attempted to be broken in 2019 and two times in 2021 but failed
daily momentum is in bear zones and weekly and monthly momentum also has gone sideways.
trend indicators are bearish on all timeframes
A trade opportunity exit with initial target till next swing low and stop loss at neckline for swing or positional trades
axis bank deep crabfresh long above red line only for targets 848-855
let candle first close above the line
Buy AXIS BANKAccording to chart anylasis its trade in parallel chenal and now this stock trade at support level. No more discussion 😊
Buy @715 or above
Target : 750-770++
Go Long keeping the red line as SLKeep the red line as SL and go long but if it breaks the red line and gives closing for even a single day then go short with a target towards the lower blue line. For long look for a target towards the upper blue line and then towards 200 day MA.
trend line support and falling wedge in psiRSI is forming a falling wedge pattern and is at a trend line support, very good support level to look for targets of 5-7% from current levels
Axis bank Swing trade.the properly market have been in the range for few days ,
our swing trade can be active above the breakout of 760.
Axis Bank Wave countElliot Rules and guideline
1)Wave 2 should not retrace entire wave 1(Here on cycle degree it retraced wave 1 by 61.8% which is ideal as per guideline)
2)Any one wave entend's other 2 by 161.8%,other 2 being equal in length(As per guidelineTypically wave 3 extend's and 1 & 5 tends towards equality).Here also Wave 3 extend's wave 1 by 161.8% and wave 1 and 5 tends towards equality
3)We see two different forms of correction in wave 2 and wave 4 one being regular flat in case of wave 2 and other being triangle in case of wave
4 (Triangles are typically formed in wave 4 which is seen over here) which is signifying asymmetry between both the waves.
Current count as per above logic and rules application.
Super cycle: Wave 2
Cycle: Wave C(might have begun)
Before covid prices has started showing weakness and already been correcting,and on the back of covid panic it completed cycle degree wave A of super cycle wave 2.Since then prices has been moving up in an corrective manner and when it approached previous ath levels it faced rasistance.So far we have seen 3 attempts made by price to penitrate ath which all failed to sustain on closing basis.We are also seeing a negative divergence on RSI indicating top formation.Along with this negative divergence price was moving in a rising channel which also got broken and previous pivot low were broken in lesser time then it took to form.
Going ahead we might see an impulsive down move unfolding to complete cycle degree wave c which would complete super cycle wave 2.Price wise super cycle wave 2 has already retraced super cycle wave 1 by 61.8% during wave A formation hence current fall should not break those low's(Covid lows).It is possible that wave C can stop any of the retracement levels be it 23.6%,38.2% or 50%(not shown over here) to complete super cycle wave 2 flat with truncated wave C correction.
Disclaimer:This are just my views do not trade on it's basis.I am post this analysis just for my future reference purpose.
AXIS BANK IN DEPTHAxis bank has completed its (1) to (5) wave in daily and we are in weekly 3rd wave...
A correction up to 626-510 is expected till march to may 2022.
Then we can see the further higher levels.
3rd wave targets are much higher around 1500 to 1600 level may be seen if fundamental remain intact.
Please like if you like it.
Regards
axisbankaxis bank looking weak. i m looking for short.
entry 736
stoploss 738.1
target 728
good luck
BUY AXIS BANK @753 - BULLISHAxis bank heading towards the weekly demand zone.
Zone has breaks the previous supply, with Crossover
Target - 2:1
This is for education purpose only, Trade as per your own risk
