AXIS 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...
Disclaimer: 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...
Near ATH Breakout, Beautiful Uptrend is Clearly Seen
Suggestions are based on my analysis only. Please do your analysis before taking any trade.
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...
As 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.
Currently 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
Hi 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.
Bank 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...
A perfect reverse H&S shoulder formation on daily TF. If daily candle closes above 822, one can enter for targets marked
Stock 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 :- ...
Wait 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...
AXIS BANK forms bearish pattern in daily candle...once below closed at 805 then huge fall expect
CMP-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
Watch Axis Bank for the upcoming days, there will be a breakout soon....