6 Jan 2017: Sellers are interested to sell this @ 460 level to make AXIS down one more time. It might go more down. One can initiate sell at 455-457 levels keeping tight SL of 465 TP: 420 SL: 465
At 464, price got rejected from a strong earlier supply point, and today's initial movement on the stock was weak, so the stock is expected to head lower going forward. First target 450, and subsequently 442. The trade would get negated on a decisive 10min close above 460.
In daily chart Axis bank is showing momentum. RSI positive divergence shows strength. Since Axis bank is trending inside the channel, uptrend will get confirmed once it breaks the channel. Happy Trading! in.tradingview.com
Axis Bank has been trading in down trend channel,it closed with breakout of channel, traders may enter long in axis bank with a target of 479 in near term and small stop loss if breakout proves false.
Axis Bank may see a down move from this level as the aforesaid pattern seems to be taking shape.
Axis bank, Price in axis bank has been falling since 640 or levels and corrected almost 30% from its recent peak. prices may trade higher till 540-570 but only after trading and sustaining above 460 with immediate stop loss of 420.
Stoploss is Trend line / supportline 460 Target 443
Axisbank in monthly charts is near a cruical Trendline support and formed a small body hammer near it. now in the coming month a close above 482 is important for bulls to hold grounds, upper side resistance comes near 492 and 525-550 supply zone. if the trendline is breached for any reason a big fall can be expected for 260 where bullish BAT pattern completes and...
Axisbank can reverse from 478 - 483 zone. Please wait for the reversal signal before going for short. SL 484.
Axis Bank has sustained 445 to 450 lvls very well. Quick upside can be expected ahead
Dear readers, I have been unable to put up the previous wave counts here because of the constraint of non availability of the previous data on the chart. However, from other site, viz., in.investing.com, whereby the charts are powered by in.tradingview.com itself, I have fetched a similar chart with previous data on chart, and if possible I would surely be putting...
Long term trend line support. Investment buy.
Its gud time to enter in AXIS Bank with a gud stop losss. thier is a falling wage in a falling market which bullsih reversal sign n their is also RSI divergence .
It is been observed on the daily chart that the price action was trading below downward trend line indicated downward trend. Now, It has broken above the downward trendline, indicating a further move up to 23.8 fibs levels. Target 1: 464 Target 2: 474 Stoploss: 440
THERE IS BULLISH REVERSAL AND WE CAN SEE IT INN OVERBOUGHT CONDITION BUT LET IT COME OVER 8 EMA
Axisbank is forming an Ending Diagonal which is also complete.. I would be buying Axisbank at current levels for Target of 550 and above and stoploss around 420 levels..