$NSE:AXISBANK Will ride on bulls NSE:AXISBANK buyers enter today and will hit 990 or more in coming days
978/989
AXISBANK trade ideas
Shift in trend structure: HH & HL to LH & LL formation|AXISBANKNSE:AXISBANK
Axis bank 1 hour chart is forming higher highs and higher low but now after formation of 2 highs at a same level at 990 the price has tried to break the level 3rd time and it has formed a lower high so now one condition is fulfilled and we need a 2nd condition which is form a lower low and that will be created after the price breaks below 953 Neckline.
All the important levels and full analysis is mentioned on chart.
The above information is for educational purposes only, Before acting on any investment idea please do your own analysis and follow proper risk to reward.
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Happy Trading!
Axis bankAxis bank on a daily time frame,
consolidation between 990 - 950,
If it breaks in the lower side means a double top pattern form,
If it breaks the upper side it means a rectangle pattern forms,
so wait and watch which side breakout happens
Can Trade Accordingly.
Note:- Education purpose only.. not advice to buy.
Cup n handle in makingAxis bank cup and handle pattern can push prices to life time high.
T1- 1010
T2 - 1050
T3 - 1150
Axis bank Reverse cup & handle patternThe 15-minute time frame for Axis Bank reveals a prominent reverse cup and handle pattern. This bullish technical formation suggests a potential trend reversal, with the stock showing a cup-shaped decline followed by a handle consolidation. Traders may consider this pattern as a signal to anticipate an upward move in Axis Bank's price.
*Education purpose only*
Axis Bank CautionIf you have Axis Bank in your portfolio or have long directional trade then today's low is very important for trend reversal. if today's low breaks tomorrow or in the coming session then the trend can reverse from the upside to the downside.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Similar price action at same price levelsAxis bank is forming a double top at the place where it formed a double top earlier. Is axis bank going to go towards 820
AXISBANK WAVE COUNTS#AXISBANK completed a 5 wave impulse on a daily timeframe the low of Mar' 20,
Wave 3 is 1.318 of Wave 1
Wave 5 is 0.786 of Wave 1
Wave 4 retraced 0.382 Wave 3
Now the correction phase is on,
forming an extended flat after a 5.
Double Top A double top is a bearish technical reversal pattern.
It is not as easy to spot as one would think because there needs to be a confirmation with a break below support.
While a double top is a bearish signal, a double bottom is a bearish signal.
Top tops usually have an upswing, initial peak, trough, second peak, and neckline.
Investors can short trade after the break or place small trades, as double tops may have limited profit potential.
Script = Axis Bank
Time Frame = 1 Day
Axis bank, 40% return, short term,investmententry: 870
target: 960
stoploss: 842
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more probability for bullish..
reload chart for clear view
an hour ago
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use desktop site.
rest chart size for clear view
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first use " + " in the chart, for zoom..
next rest chart for better view
Axis bank case studyAxis bank spot cmp 985
Weekly time frame
Wolf wave + elliot wave study.
Elliot wave :- counter is trading in sub wave (v) of major wave 5 , where after motive phase gets terminated.
Price wise levels of 1015-1035 would act as a range where wave (v) could mature.
Ascending trend line resistance of wedge structure confluence around same levels.
Rsi in this last move have given bearish divergence.
Wolf wave :- on smaller time consideration wolf wave formation is being observed , which would mature around 1020-1040 levels.
around 2-3 major studies maturing around same range, on weekly time frame,
so going ahead counter would lots of selling pressure around this levels,
fresh long should only be considered above 1050 levels on weekly closing basis.
below that caution is required any time counter can slide to much lower levels.
Bulls keep caution ahead,,
AxisBank today trade(03/07/23) Cpr With Camarilla Strategy... Stock take support same lvl of Cpr zone...
long after cup and handleaxis bank has formed a cup and handle pattern . if it breaks out there is a considerable upside of 19-20% with a high risk-reward ratio. to be kept under the watch list.
just for education purposes of pattern and not a stock recommendation to buy. I am not SEBI registered
AXIS Bank Update on the existing Idea . A follow up on the idea .
The stock broke the descending channel which is already mentioned in the previous chart and took support around the 50 % of the Fib levels with good volume and rejected .
I have added parallel channel to have a clear view so the stock is still inside the channel . The Support / Demand zones stays the same (800/820/840) where as resistance is at 900-910 / the upper limit of the channel .
Trade what you see not what you feel .
This is just view based on current market trend and pure analysis purpose .
Please consult with your financial advisor before you deploy any real money for trading .
ROUNDING BOTTOM PATTERN - AXIS BANKStock gives breakout of Rounding Bottom on daily timeframe and price retested the resistance.
Now this stock has the higher chances of moving upwards.
CMP :973
Target : 1040
Stoploss : 947
This is not a buy or sell call, this analysis is shared for educational purpose.
RSI Divergence-Weekly bearish candle- Near Daily frame trendlinei) About to break daily trendline.
ii) Look for 950 to break.
iii) Bank index is in down trend.
iv) Weekly berish candle.
v) RSI Bearish divergence
vi) May cross 21EMA on daily, to show more downtrend.
EXICITING BULLISH PATTERN ALERT📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: AXIS BANK
🔍 Description:
Moment Stock with Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Axis Bank technical chart analysisAxis Bank technical chart analysis
Strong support zone is 845-822
Strong resistance zone is 1000-965
Impulse wave
Impulse wave has completed (1-5) on daily basis.
Wave 1 & wave 5 are equally.
Wave 3 is longest wave.
Wave 2 taken less time as compare as wave 4 ( in corrective pattern).
Corrective wave
Corrective wave is pending & expect it may flat or zigzag pattern, elongated, running etc .
Touched Fibonacci R3 resistance level at present (988)
RSI is making LL & Price is making HH on daily chart. (Divergence)
On balance volume indicator making divergence
Target:
Downside: 38.2% must to be came at least this level 905
Upside: 1218 level but take a time month/years.
Note: Axis is all time high. It is not possible breakout in second attempt. Therefore it should be correction
This is only education purpose only
AXIS BANK BREAKINGOUT ON WEEKLY BASISAxis bank breakingout from rounding bottom
weekly basis looking good for mid to long term
trading at ATH above 20 ema
should wait for retest
educational idea only
Axis Bank - Cup & Handle - Weekly Strong Chart pattern, along with improvement in business and strong Q1 number which will continue in further quarters as well!!
AXIS BANK BREAKOUTNSE:AXISBANK we got a breakout of the daily resistance, then a positive retest of the one. bull case is on the table.
AXIS BANK - Chart Analysis || 17th April, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for AXIS BANK
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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