Ascending Triangle patters an ascending triangle has been formed ,we can now go for buy in AXIS BANK , with a target of 1000 in upcoming days
AXISBANK trade ideas
Triangle breakout Axis bank is in consolidated phase from long time..
if the triangle breaks the target will be 525
Please note RSI is pointing upwards
Stopp loss will be 430
Simple Trade Setup | AXISBANK | 22-10-2021 [INTRADAY]NSE:AXISBANK
Observations:
1) On 1hr time frame we can see that it took support from the middle trendline of parallel channel.
The same channel was already represented in my previous ideas.
Now this middle trendline will work as supprot and the upper trendline will work as resistance.
Please refer below chart : 1hr Time Frame.
2) On 15 min time frame, it has made double bottom pattern. And now it is just below the breakout neckline zone.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 22-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Support and resistance of AXIS BANK820 is major resistance for axis bank if it close above 820 with good volume than 30-50 points up-move come. But if it close below 800 than 20-30 points correction can come. 800 is strong support.
AXISBANK trade analysisI have market important levels for AXISBANK
- Currently it is near to 3 improtant support levels
PRICE ACTION TECHNIQUEAXIS Bank is following a wonderful chart pattern on the 1 day chart with a beautiful price action. Talking about the technique, the upper and lower trendline acts as resistance and support respectively. The median line also plays as a resistance and support role depending on whether the price is deflecting from below or above trendline. In this case we can observe that the price has crossed the median line from the below trendline, hence breaking the resistance of the median line which now will act as a support. Hence keeping in mind the above trendline as a resistance, we can keep that point as our target, and we can buy now at current market price, with stop loss indicated on the chart. Options can also be done on this chart, by buying 800 CE or selling PE. I personally prefer selling puts as it also makes money when the price is at strike price and theta decay is an additional bonus.
The RSI is also having a good momentum and this indicates that AXIS bank is a good buy for a small swing trade. Keep it simple and make smart money.
Keep following me and also comment on this analysis on what you think about it. Happy Trading Everyone!
18/10/2021 Research Report For AXISBANKDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single ruppe, please do your own rerearch according to your risk taking capacity and after that do invest and book profits on right time.
Buy Below 802 or Maximum 811
Target 1: 820
Axis bank Buy 805 SL 795 T1 811 T2 814 T3 822Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Simple Trade Setup | AXISBANK | 18-10-2021 [ INTRADAY ]NSE:AXISBANK
Observations:
1) On 1 day time frame, it is taking support from 21DMA.
Currently 21 DMA is placed at 789.68 level.
From OI data, We can establish that immediate resistance is at 810 and major resistance is at 820 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see that it is in parallel channel support zone area and took support from middle trendline of it.
Upper trendline will work as resistance. Sustainable breakout of it will give bullish move.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
AXIS BANK TRADE SETUP NEAR TO BREAKOUTAs you can see in the chart, in the previous day's Axis Bank share has tested 760 level multiple times.
.
And then gave the breakout, now again the stock tested multiple times the 805 levels.
.
And the stock is near to breakout if stock goes above 805, we can buy this call for the target of 820.
.
What's your view on this comment below in the box.
Axis bank, Go LongCurrently trading at ₹802 on daily chart, forming ascending triangle pattern, my first target is 828, then will have to wait for breakout for next higher target.
Kindly consult your financial advisor before trading.
I am not a sebi registered analyst
How Enter the Trade Before Breakout- Axis BankHi All,
Pranam,
In this video, i was explaining, how we can enter the trade before the breakout and have risk to reward favorable to us.
If you like our video, kindly like us.
Disclaimer: Kindly do your own analysis before executing the trade.
AXIS BANK - LONGBank Nifty is showing a good momentum and with earnings season it is expected to be in focus . US banks have delivered excellent Q2 results and same is expected with Indian banks. HDFC bank results today will set the ball rolling. Axis Bank has given a good signs of breakout above 800 and going towards life time high price of 820. Beyound that SKY is the limit for this gem.
GO LONG
Axis Bank Reverse Head & Shoulder FormationA perfect reverse H&S shoulder formation on daily TF. If daily candle closes above 822, one can enter for targets marked
Multiple bullish patterns at breakoutStock is in uptrend for few years with a trendline support from 2016. During COVID crash, bears broke the trendline support. The Bulls energized a V shaped recovery and took the trendline support again.
While the V shaped recovery, the stock formed Inverted head and shoulder and it is at the urge of breakout with the ascending triangle formation.
Patterns :-
Trend support line
Inverted head and shoulder
Ascending triangle formation
Buy above neckline
Target at 1024, 1499
Stoploss at 750
AXIS BANKWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
AXIS BANK LEVELS...13.10.2021AXIS BANK forms bearish pattern in daily candle...once below closed at 805 then huge fall expect
Axis BankCMP-800
Target - 820
Just at Golden Crossover
Timeframe - Daily
MACD + Positive Crossover- in above zero line
Stochastic RSI - Uptick
RSI - 59+
MACD in weekly & Monthly timeframe- an uptick
All in All Bullish
