NSE:AXISBANK
axis bank will move upward again, check 200 EMA,50 EMA, with support level and fib levels. Also, we can see a double bottom chart pattern, which means a trend reversal.
🔴 AxisBank is sustaining below 200 DEMA and looks most weak among other private sector banks.
🔴 Most likely to test 623/600 in coming days. If one not okay with shorts should #Hedge his holdings.
In the above Chart of Axis bank NSE, India you can see the formation of "Double Bottom" chart pattern so when the price came to retest you can invest in axis bank.
and, also axis bank is one of leading bank in Indian Banking Sector with the ROE of 7.58.
NSE:AXISBANK
Observations:
1) On 1 day time frame, it is near it's big resistance which is 200DMA.
If it trades above it then we can see a good upmove. And if it fails to trade above then we can see down move.
Positive thing is that, it closed above yesterday's closing. Immediate support is 720 level.
Please refer below chart : 1 day Time Frame.
2)...
Good buying opportunity .
Formed W pattern .
Above 200EMA
taken support from trendline .
and now about to broke the w neck level .
we can make entry for 12% .
just my opinion not any buying recommandation .
Hi everyone, Axis bank short term swing trade consider buy above: 685 target: 708 stoploss: 675
LOGIC BEHIND TRADE: Stock has recently given correction & formed double bottom pattern & given break out of it`s resistance and pull back above 685 stock will continue it`s journey upto 708. (Target is identified from harmonic xabcd pattern level 0.786) stoploss is...
As you can see stock is consolidating between the range,
.
If Stock goes below 661, we will sell this trade for the target of 647.
.
What's your view on this comment below in the box.
Short Axis Bank between 812-815 with SL 821
Target 795-791
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
![AXISBANK: Simple Trade Setup | AXISBANK | 07-01-2022 [INTRADAY]](https://s3.tradingview.com/z/ZG1TPfQR_mid.png "Simple Trade Setup | AXISBANK | 07-01-2022 [INTRADAY]")
