Axis Bank going according to my previous analysis which target hit on friday, now the next target which Axis Bank is heading around 429 and next 400 in near term. Axis bank has been trading in downtrend channel and already has reversed touching the bearish channel resistance and approaching the support. next week will be deciding for axis bank if market remain...
I feel it breaks the triangle for a short, first target would be 458.
As seen after a strong downtrend, price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the hourly chart . A breakout with volumes either side would be our entry. Maximum target as per pattern would be 20- 25 points once it gives a breakout. I will keep this stock in watch list and review it once it gives a...
buy axis bank between 457-459 sl 455 trg 462 465 468 stoploss strict
presently in consolidation phase but ready for up movement . good support at 458. can go long above 476 - 480 target -- 500 ---520 sl--- 457 short only below 450 for he target of 376 for education purpose only.
Axis Bank after braking up trend has been trading in a volatile manner, steep fall, gap down as we see on chart, it is still trading in the same fashion and due to bank nifty impact it also recovered today and tomorrow it may test the channel resistance 488-490 and again it is not looking strong enough to make breakout upward. It may reverse after touching the...
1) 3 rd wave looks like to complete 2) extended AB=CD 3) 61.8 RET. of full upward swing 4) rsi oversold zone 4 5) positive divergence on slow stochastics 6)Any good pullback from here is good selling opp...
Since 61.80 extension is broken one can aim for recent low . CMP 472 Stoploss 476 Target 459
Dear Traders, Descending Triangle formation on 15mins chart in Axis Bank. Most probably to break the bottom of triangle and 50 EMA staying above the price. It seems bearish. Sell below 494 Target 488 Points Gain - 6
short axis bank ltd as bears are heavy on bull there are continuously making new highs but bears are knocking them down.
After continuous 7 week fall stock find support near fibonacci price cluster between (463-478). RSI is also showing positive move from its 40 level. If we look at daily chart we can find some more positive movement which shows its time to long i.e from last two days price is trading above 200DMA, crossover of 13*5 MA and price shifted its pattern from lower low...
Axis bank follows a nice pattern. - Dec 11 support was touched again in Sep 13. - So does Axis bank want to touch Feb 14 support line of 228? - If this pattern takes shape again then down move will be sharp in coming months. Lets wait and watch for confirmation. Experts vews welcome :)
How many of you believe traditional patterns like H&S or iH&S wont work? Lets see how Axisbank plays out on Inverted Head & Shoulder. * Retest of Inverted Head & Shoulder * Trendline Breakout
Awesome channel- as thought it will get resistance between 490-495 (Villain Channel as per the updates in below chart)- Vow, it made a high@492.45- Unfortunately, Gave a gap down opening finished its final leg in A-Wave since top@639. Intraday, we were trying to short with a risk of 2 points, which got hit @491.50 but that's part & parcel of the game. Larger Term...
Axis Bank has completed a clean 5 waves down and was among the few stocks that did not close in the red today despite the Nifty going down by 100 points. Feel that a corrective bounce is due now in the range of 508-533. Any comments
Last Price@478.70 As per monthly update- suggested that any close below 540 can trouble the bank- look its almost got 2 big red candles which surely looks impulsive downside. What Next? Trading Strategy-1 Going below 473- It's likely that Axis will continue down & make new lows below 468 Alternate Trading Strategy It's a risky call with stops below 473-...
Axis Bank has retraced 62% from highs and a pullback is possible for a tgt of 530/550/570..market needs to support.. only for investment..
How is your saturday going ?! Hope the weekend starting off on Good Note. Today morning I was looking for some stocks to accumulate on medium term (4-7 months). AxisBank was one of them which I kept in radar for past 3 months. Though I'm not sharing about all the stocks in My Portfolio, now its time to post it out for you guys as I did LT a year back, we caught Lt...