Channel (i) and Channel (ii) was represented at support or at value low. Axis bank created an excess in both channels which good opportunity to buy 741 nearby with stop loss of 730 below of candle closing base. Target is 766 nearby at control price.
TimeCycle (2) is also going to positive.
If there is not anything -ve on this stock, Support will be compelling...
Axis Bank had been on a good bull run tracing a rising channel. Strength in bulls looks to have lost steam where it couldn't make new highs.
Right now, looking at the chart we could identify a Double top pattern with neck level at 760. Yesterday's close below the neck level has confirmed the pattern and it would be right to take bear bias. However do look for a...
Axis Bank bounced off from rising channel support at 760. That price also seem to be a horizontal support area. If the stock holds on to the channel we can expect a considerable move upwards. Notable resistance is at 820 area where life time high falls as well.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general...
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Axis Bank Long at Rs 755.8
GAP at 752.15 to 760.2 is filled out so no buy orders remained unfilled in this range. All buyers have been exhausted. Below that price is the Institutional buy zone so it is expected price will not enter in that range. and Now price will move upward. So trade setup is slightly different.
Entry 01 755.8 or CMP buy x qty
Entry 02 if...
Continuing my prior idea on Axis Bank, the ongoing small consolidation channel will provide the next trend direction. It's on the higher time frame support line. Although my personal preference is bulls, bears do not give up easily :).
Levels shown on charts for trading. Use minimal StopLoss for any directional trade after breakout.
Your must be at down single candle spike. For an instant, suppose candle slip to direct 808, then enter with stoploss little far.
Target is control price 818 above.
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the stock had seen a good fall from past couple of days and hads successfully filled the gap , while other stock like icici sbin kotak may witness a fall , this along with hdfc bank and rbl bank can give a good upside retracement.
Axisbank has filled gap & also has given breakdown below support zone.
Entry = 750.5
tgt1 = 746
tgt2 = 743
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Axis Bank double bottom expected - 760.
After double bottom, it will bounce back and target to 791 & 819.. target A.
ABCD pattern formed.....
Also kindly provide comment pls.....
The daily trend of the AXISBANK was downtrend however with formation of the head and shoulders pattern in 1hr time frame we expect there will be a reversal and the target will be 773
Completed bullish engulfing on daily level. Hourly came out from short term downtrend. Can see level of 775-780 entry above 773-775. But if price goes below 744 possible downside of 725-720.
Axis Bank Limited (the Bank) provides a suite of corporate and retail banking products. The Bank's segments include Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers. Its Retail Banking constitutes lending to individuals/small businesses and activities include liability products, card services, Internet banking, mobile banking and financial advisory services, among others. Its Corporate/Wholesale Banking includes corporate relationships not included under Retail Banking, corporate advisory services, placements and syndication, project appraisals, capital market related services and cash management services. Its Other Banking Business includes para banking activities, such as third-party product distribution and other banking transactions.
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AXISBANK
