AXB trade ideas
Axis bankPrice is moving inside a channel and now it is in between the upper and lower trend line. 1120 is the trend deciding level.
Buy above 1126 with the stop loss of 1120 for the targets 1132, 1140 and 1148.
Sell below 1115 with the stop loss of 1121 for the targets 1109, 1102 and 1092.
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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.
Bullish Reversal possible in AxisBankAxis bank is currently experiencing profit booking after the recent ATH, and if it takes reversal in the coming days with the support from the recent high zone and trend line, then we can expect a new ATH in Axis Bank.
IMPORTANT EXPECTED DIRECTIONAL LEVELS FOR THE YEAR 2024In this idea I am going to introduce you all my new concept for positional buying in the form of a simple strategy .
I have noticed that many of new investors and traders enters in the market in random manner either they enter in a running candle or they enter by choosing some moving averages or RSI but whatever they choose to enter a trade they mostly miss the value area.
So the purpose of this concept is to entry in a position at a value area which means no jumping into a trade in a random manner.
Although these levels are enough for this year but if all the marked level are exhausted the i will republish the Idea with additional levels.
Questions: What are the rules for the strategy ?
Answer: I have marked all the important value buying area along with a stoploss in the chart where the decision to enter a trade should be made, If you have a buying view or you find that market is bullish but you are not able to figure out where to enter and where might be the target then these levels will surely going to help you out.
Question: So is this concept always going to work out?
Answer: No , Stoploss are going to get hit sometimes but i tried my best to make it more useful.
Question: When will this strategy work to its full potential ?
Answer : If the stock is in trend then the win ratio is great.
Use these levels either standalone or with your strategy to have an edge in the market.
If still you have any questions the just drop a message or a comment .!
AXISBANK : Booked a profit of 8.90% on the invested capitalClosed the position as soon as the price reached a key inflection level. Managed to book a profit of about 8.90% on the invested capital. Will consider a re-entry if price revisits the lower trendline of the higher timeframe parallel channel.
📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
Axis Bank is extremely Bullish Axis has come out with very good numbers and its also valued very less compared to other banks and giving a very bullish view for Axis for now.
AXIS BANK: Breakout CandidateAfter a long consolidation and a complex corrective structure concluded at Apr'24 low of INR 995.7, stock prices have given very sharp up move. This suggests that stock is likely to give a breakout very soon and extend the gains towards INR 1250 in the coming days and week.
Axis Bank - Weekly Breakout Axis Bank on a weekly chart price has given a breakout of the downward sloping trend line at 1105 with increase in volumes. Momentum oscillator RSI has given a positive crossover.
Price can rally towards 1220.
axisbnk- bulls in charge??axis bank looks good technically , and with that good quarteraly earnings, should make massive move
Axis bank looking bearish on higher time frame.
Axis bank has been trading around the higher level and is forming a base near 1030 zone. Both side movement can be there in the stock and confirmation is need for the entry to trigger.
But the stock on the weekly chart is showing some bearish RSI divergence and the dropping strength can be the initial signal of a bearish move.
On the daily charts, it is around the 200 ema. Either it will breach the levels or take support from the same. Watch for the levels and price action.
If the stock starts trading below the 1028 level and even close below it, next month expiry derivatives can be traded for the bearish momentum in the stock.
Major bearish target levels :- 980, 950.
Entry :- Close below 1028 levels.
Positional/ swing trade can be initiated in the stock for the next month expiry and trailing SL must be kept to limit the lose and capture the move.
Wait for the price action near the level before entering the trade.
AXIS BANK - Bearish Gartley - 3H TFBearish Gartley pattern forming on 3H chart of AXIS BANK. SELL 1116-1117, SL 1128.1, Target(s) - 1105, 1095. It's been a while since I studied the markets, so let's see how it pans out.
axis bank is very interested to come to that level because
it took so much effort to rise and no effort to fall
Axisbank bullish breakoutLook for a bullish breakout in Axisbank.
A pennant pattern is evident in this stock.
Price level of 1113-1115 range is resistance to watch for a breakout.
I will update the entry taken for buy later in the idea comments.
AxisbankMicro Analysis on 15 min time frame, clear progression on downside.
Disclaimer: I am not any sebi registered person, so there is no any kind of recommendation for real trade but this analysis only for learning purposes or for virtual trade.
AxisBankAxisbank clearly on uptrend, but in contraction mode, so we will take opportunity of any sudden fall with favorable risk & reward.
Disclaimer: I am not sebi registered person, so these sharing analysis only for learning or virtual trade prospective.
Thanks
Technical Analysis: Axis Bank at Major Support at 35 SMA
In this technical analysis, we’ll delve into the price action of Axis Bank (AXISBANK) and its recent performance. Let’s break it down:
Support Level and 35 SMA Touchpoint:
Axis Bank is currently trading around 1030 INR, which coincides with a major support level.
The stock price has also touched the 35-day Simple Moving Average (SMA), indicating a potential area of interest for traders and investors.
Downtrend and BankNifty Correlation:
Axis Bank has been experiencing a downtrend recently.
This downtrend aligns with the broader market sentiment, particularly the BankNifty index, which has also seen a decline after reaching a high of 1129 INR earlier this month.
Key Takeaways:
Traders should closely monitor the support level around 1030 INR. A decisive break below this level could signal further downside.
The 35 SMA acts as a dynamic support/resistance level. If Axis Bank manages to hold above it, there might be a potential bounce.
Keep an eye on broader market trends, especially BankNifty movements, as they can influence Axis Bank’s price action.
Remember that technical analysis is just one aspect of decision-making. Always consider other factors such as fundamental analysis, news, and overall market conditions before making any trading or investment decisions. 📈📉
The uptend should resume from hereChannel support, Fib support and a double bottom on the hourly charts are telling me this stock should resume its uptrend.
Axis bankPrice is taking double bottom support. Also price has formed rounding top pattern. Let us see which pattern will work.
Buy above 1035 with the stop loss of 1028 for the targets 1042, 1049, 1056 and 1064.
Sell below 1018 with the stop loss of 1025 for the targets 1011, 1006, 999 and 990.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
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.
axisbankstock on support and trying to bounce 2time bounce on support lets see on 3rd time what is next if break support with strong it will go downside
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
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Long: Stochastic Crossover in a non-trending securityFrom Swing Trading for Dummies using the following strategy
Identify whether a trading range exists by using ADX (preferably below 20)
Wait for %K to enter the overbought or oversold territory.
Buy the security when %K crosses up through %D and above the oversold zone.
Exit after stochastics reaches the opposite zone. Alternatively, you can exit after a return target is achieved or a certain number of days have passed.
Long On Axis Bank 🚀Axis bank looking very attractive at this price range, recently it beached trend line but that must be a fake breakdown. One of the fundamentally strong stock just Buy On Dip 📉
We may see Targets of 1300 in upcoming months 🔥
AXISBANK : Opened a position for about 0.625% of the net capitalFundamental Analysis:
Axis Bank, a prominent player in the Indian banking sector, is currently showing promising signs in terms of price and earnings forecasts according to analysts. However, revenue forecasts are not as attractive. Despite this, the financial health of the bank instills confidence among investors.
One notable aspect is the distribution of share ownership, where the majority is held by institutional investors such as mutual funds (21.43%), DIIs (7.40%), and FIIs (54.68%). The remaining 8.29% is held by retailers, with 4.05% being held by high net worth individuals (HNIs). The concentration of ownership by smart money, including institutional investors and HNIs, signifies strong support for the stock. Notably, this ownership is increasing quarter-over-quarter, indicating growing confidence in the company's prospects.
Moreover, Axis Bank has established partnerships with numerous corporations, serving as the primary bank for the salary accounts of their employees. This strategic positioning allows Axis Bank to tap into a stable customer base, enhancing its revenue streams and solidifying its market presence.
As the fourth largest private sector bank in India, Axis Bank holds significant market share, particularly in credit cards and merchant acquiring services, which positions it well within the industry.
Technical Analysis:
From a technical perspective, Axis Bank's stock price has recently touched the bottom trendline of an ascending channel, suggesting a potential bullish move. There is a potential increase of approximately 10.38% to reach the all-time high, with a further upward potential of about 17% to the upper trendline of the ascending channel.
Considering this technical setup, a decision has been made to enter a position equivalent to 0.625% of the net capital. Further accumulation may be considered if the stock consolidates around current levels in the near future. But I do realise that there is a possibility for the price to rally from the current levels itself, without providing a second entry opportunity.
If the market crashes, additional accumulation may be considered at potential support levels.
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
Axis bank ( day chart)Axis bank breaking down most critical support band, 200 ema is make or break support/breakdown. Keep a close watch. This may drive the bank nifty sentiment as whole.
