AXB trade ideas
AXIS LONGEducation purpose Only, Double Bottom Shown in chart, Buy above 755> t1 770, t2 790+, SL Based on your Risk (Recommended SL below the neck line)
Axis Bank AnalysisAxis Bank - A heavyweight in Bank Nifty and Nifty is taking support at the neckline of W pattern. Axis bank formed a perfect W pattern and then Axis bank is taking support at the neckline of W formed. Moreover we can clearly see the volumes increasing as compared to previous days. This stock can be kept in the Watchlist to gain some profits.
AXIS BANK MID-TERM SWING TRADE! Hi everyone, Axisbank mid term swing trade consider buy above: 722, target: 818, stoploss: 705.
LOGIC BEHIND TRADE: Stock has recently boumved from it`s weekly & daily support and formed (W) pattern stock has given breakout of it`s resistance, buying on pull back is idea. (Target identified from harmonic xabcd pattern level 0.786) stoploss is taken low of neckline candle. RR looks good for mid term swing trade! NSE:AXISBANK
Simple Trade Setup | AXISBANK | 17-01-2022 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1day time frame, we can see that after giving breakout of double bottom pattern neckline, it came back and closed above neckline. From here it has chance to bounce back if the re-test of this breakout gets successful.
And if this neckline is broken then we can see fall as it is already trading below 200DMA.
Please refer below chart : 1day Time Frame.
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Trade Setup for 17-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
INTRADAY TRADING STOCKS - AXIS BANKThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
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AXIS BANK LONG#AXISBANK looking realy good to go long, It has formed a double bottom pattern and had breaked the neckline & again came to it for a retest. If we see some bullishness then we can easily go for the Buy side with a Target upto 830 in 2/3 weeks....
Today date - 15-01-2022
AxisOne can go long as we seen a double bottom and market is taking support on 200EMA. Swing trade only.
Note- I am not a financial advisor m not responsible for your gains or loss.
AXISBANKCMP: 688
640-650 has been an important level.
Taking support at this level.
Ready to go up by 10% and more after consolidation/ pullback.
Simple Trade Setup | AXISBANK | 10-01-2022 [ INTRADAY ]NSE:AXISBANK
Observations:
1) On 1 day time frame, we can see it failed to close above 200DMA and face resistance from it and made bearish spinning top candle.
Please refer below chart : 1 day Time Frame.
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Trade Setup for 10-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Will Axis Bank's current trend continue or shift?Looking at the chart in the lower time frame, it gives a good break out from the trend line on December 31st, 680. Give 9.3% up move also powering bank nifty. On a daily chart, it is nearing major resistance as you can see, and also a fib line as well. If that is being broken, we can expect a quick up move again or a drop.
While looking at the overall market condition, we can expect it to act as a resistance. I consider it a negative trend until it sustains above the fib line. Let's see what happens and keep an eye on it.
Axis bank long Breakout retest possible buy near 720 for a target of 760/800 stop loss 698
Good fundamental stock
Trading Idea #4 For week starting January 10 #AXISBANKStock is trading above key resistance level. Past week it has moved significantly upside. Up moves have been backed by volume. It can be a long candidate with RISK and REWARD ratio of 1:2.70
axis bank will move upward NSE:AXISBANK
axis bank will move upward again, check 200 EMA,50 EMA, with support level and fib levels. Also, we can see a double bottom chart pattern, which means a trend reversal.
Short🔴 AxisBank is sustaining below 200 DEMA and looks most weak among other private sector banks.
🔴 Most likely to test 623/600 in coming days. If one not okay with shorts should #Hedge his holdings.
My Axis bank investment strategy.In the above Chart of Axis bank NSE, India you can see the formation of "Double Bottom" chart pattern so when the price came to retest you can invest in axis bank.
and, also axis bank is one of leading bank in Indian Banking Sector with the ROE of 7.58.
#Axisbank cash : Looks good above 682.50#Axisbank cash -1-2 Days
02.Jan 2022
Looks good above 682.50
Stoploss 677
Target 689-690/698/708
Cmp 680
AXIS bank looks bullish target 15%axis bank is in a channel pattern which can give atleast 15% return
