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AXB trade ideas

PRICE ACTION TECHNIQUEAXIS Bank is following a wonderful chart pattern on the 1 day chart with a beautiful price action. Talking about the technique, the upper and lower trendline acts as resistance and support respectively. The median line also plays as a resistance and support role depending on whether the price is deflecting from below or above trendline. In this case we can observe that the price has crossed the median line from the below trendline, hence breaking the resistance of the median line which now will act as a support. Hence keeping in mind the above trendline as a resistance, we can keep that point as our target, and we can buy now at current market price, with stop loss indicated on the chart. Options can also be done on this chart, by buying 800 CE or selling PE. I personally prefer selling puts as it also makes money when the price is at strike price and theta decay is an additional bonus. The RSI is also having a good momentum and this indicates that AXIS bank is a good buy for a small swing trade. Keep it simple and make smart money. Keep following me and also comment on this analysis on what you think about it. Happy Trading Everyone!
NSE:AXISBANKLong
by aaroncastelino25
18/10/2021 Research Report For AXISBANKDisclaimer: I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single ruppe, please do your own rerearch according to your risk taking capacity and after that do invest and book profits on right time. Buy Below 802 or Maximum 811 Target 1: 820
NSE:AXISBANKLong
by india_market
Simple Trade Setup | AXISBANK | 18-10-2021 [ INTRADAY ]NSE:AXISBANK Observations: 1) On 1 day time frame, it is taking support from 21DMA. Currently 21 DMA is placed at 789.68 level. From OI data, We can establish that immediate resistance is at 810 and major resistance is at 820 level. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, we can see that it is in parallel channel support zone area and took support from middle trendline of it. Upper trendline will work as resistance. Sustainable breakout of it will give bullish move. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date 18-10-2021: Most of the levels will remains the same as per previous setup. 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.
NSE:AXISBANK
by Trading_hawk
18
Multiple bullish patterns at breakoutStock is in uptrend for few years with a trendline support from 2016. During COVID crash, bears broke the trendline support. The Bulls energized a V shaped recovery and took the trendline support again. While the V shaped recovery, the stock formed Inverted head and shoulder and it is at the urge of breakout with the ascending triangle formation. Patterns :- Trend support line Inverted head and shoulder Ascending triangle formation Buy above neckline Target at 1024, 1499 Stoploss at 750
NSE:AXISBANKLong
by Parthiban-Sampath
AXIS BANKWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:AXISBANKLong
by Rvkachhadiya