AXB trade ideas
AXIS BANK POST RESULTS HOW TO TRADE IT 25 JULY 2024Axis Bank has completed one price cycle from the double bottoms at cycle point of 1128.45 on 5th June 2024 and hit targets at 1327.60 on 12 July 2024 nearly 200 points in 37 days run up. It recently announced its results and been correcting the price cycle rise currently. The stock has support around levels of 1219.75 below it may go in consolidating mode with major supports around the levels of 1169.95 with intermediate supports around the levels of 1194.85. Pullbacks on the stocks need to be watched around levels of 1294.40 above which we may see strong recovery. Squaring price on downside could be around 1172.20. Below 1169.95 we may see major correction in the correction. Above levels can be used to trade till August expiry.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
Multi year breakout - Must be on your watchlistAXIS Bank trading at 874 Levels
very strong breakout on monthly chart
if October month candle (which is going to close on 31st october)
closes above 880 level can see good move on 2023
Stop loss will be below the breakout candle
Do your own analysis before take a trade
Axis bankPrice is moving in a channel and giving zig zag movement. 1296 - 1302 is a strong resistance zone.
Buy above 1286 with the stop loss of 1279 for the targets 1293, 1300, 1312 and 1322.
Sell below 1276 with the stop loss of 1282 for the targets 1269, 1261, 1252 and 1244.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Axis Bank Wave Analysis: SIP, Levels, 1800+ in coming years! July 2, 2024: AXIS Bank Market Analysis
Current Market Price: 1261.90
General Trend:
After the COVID crash of 2020, Axis Bank hit a high of 865 on October 21st , 2021, completing Wave 1 and entered Wave 3 after completion of wave 2 on June 16th 2022.
The stock is currently in a bullish mode and it's in extension, having completed subwaves 1 and 2 of Wave 3 and it has broken out of a consolidation zone and is looking to surge ahead with subwave 3 of Wave 3.
Ichimoku Cloud:
Applying the Ichimoku cloud to the chart shows that prices are trading above the Monthly, Weekly, and Daily clouds. Hence, there is a high possibility of the stock entering Wave 3.3.3 after small dip near 1150-1170 that will be our 3.3.2 subwave.
Entry and Exit Points:
Long-Term Perspective: The demand zone was a good area to buy the stock; however, we expect a retest of this zone, which can be a good opportunity for those who missed buying Axis Bank earlier.
> SIP Mode is best for long term.
Expected Target:
Once Axis Bank gives a breakout above the recent high, it is expected to hit the first target of Rs. 1529 .
The next target could be Rs.1859 and even 2000+ possible in couple of years. These targets are derived based on the application of the Fibonacci extension and channels.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
AXISBANK - Ichimoku Breakout📈 Stock Name - Axis Bank Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1273.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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AxisBank might be aiming to go higher.Hi Traders, I was studying the PA of AxisBank and noticed that at ATH level, set up is suggesting that relative volume is healthy and up volume is stronger than down volume.
Usually this combination of price at ATH and still strong up volume and healthy close > open PA, stocks tend to attempt higher levels which is what AxisBank may also be doing. Chart suggests it will attempt to touch 1370 giving an upside of 14% from current level. Let's see in a few weeks.
This is study is for my personal reference.
If any of you find it of interest and wish to share your views, I would be happy to hear it.
All the best.