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AXB trade ideas

DESCENDING TRIANGLE IN AXIS BANK ( ANALYSIS OF AXISBANK )A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower How to Trade a Descending Triangle Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown. The upper trend line resistance also serves as a stop-loss level for traders to limit their potential losses. KEY TAKEAWAYS 1. A descending triangle is a signal for traders to take a short position to accelerate a breakdown. 2. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart. 3. A descending triangle is the counterpart of an ascending triangle, which is another trend line-based chart pattern used by technical analysts.
NSE:AXISBANK
by capitalsmack
Axis bank analysis As we can see above i see the very good opportunity buy Axis bank here if sustain above 800 level tomorrow. so if axis bank stay above 800 level i would buy and keep a stop loss of 787-786 as uh can see the RED LABEL that the price where i would keep my stop loss with the target of 805,820,835 Reason behind buying 1. Axis bank is at its very crucial support which is .786% fib 2. it also confluence of trend line which has giving him a good support if it take the support back and sustain above 800 it a very good buy for intraday and also for swing and if uh are option trader be aware of the next week monthly expiry
NSE:AXISBANKLong
by faizankaliwala
IntrestingChart on all time frame & Approaching ATH Resistance Interesting ,as monthly ,weekly, daily all time frame frame showing almost same clean pattern of similar like Inverted H&S pattern. and in candlestick as well as line chart. all time frame rsi/macd indicator on up trend and still leaving space for more upside, for those who take long. BUT from recent low level 285 of march'20 , now it is reaching towards resistance of all time high(ATH) level 828-830 area of June'19... while volumes are also now at lowest of this upword movement representing something. possibly wait and watch position , at this level to take fresh new entry . to see good b.o. or not . and its sustaining above ath and closing on all time frame good to observe. decide on ur own.
NSE:AXISBANK
by kumardkp123
#AXIS bank .potential breakout candidate on watchlistAXIS bank shows a potential breakout from a previous 2 year old resistance zone. Looks like it is forming inverse Head and should pattern on weekly timeframes with neckline same as the resistance zone with potential to break out upside If it worked out.Momentum and Trend indicators are showing bullishness on all timeframes now.Enter only on confirmation of breakout with a green candle close above and tight stop loss below entry candle.
NSE:AXISBANKLong
by seekedgetrade
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