UZC trade ideas
Axis bankPrice is consolidating and has formed a descending triangle.
Pattern : Triangle
Range : Medium
Trend strength : Normal
Buy Above : 985.(In case if the price take support at the triangle base).
Stop Loss : 980.
Targets : 990, 995 and 1000.
Sell below : 978.
Stop Loss : 983
Targets : 973, 969 and 964.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
AXIS BANK BREAKOUT - Short term viewAxis bank has been consolidating in a range for few weeks for now. Now it has closed above the important resistance of 990 which was formed in the week of July and also in the daily time frame it has broken out and retested the support the expanding channel pattern. Axis bank can give a quick move of 30 - 35 pips in the upcoming week. The view becomes invalid if there is a weekly close below 990 in the upcoming week .
Axis Bank - Long - Live Analysis
Check the analysis of last three years of Axis Bank; based on Gann, Elliott Wave, Fibonacci and Wycoff Analysis. Only the picture can tell you he story for FUTURE, what happened in past is merely history.
Thank you. Happy to share. Please check my previous posts on Axis Bank. Providing you the links.
Axis Bank - Ready to fly above 947
Marked are the pink vertical lines to note the time when did the ways start and end. Of late, i.e. on the last day of trading on 18-09-2023 (after completion of counter ways A, B & C), price is stuck up in a red rectangle having support of red line from top, black line as the horizontal support and the trend line coming from way 2 and 4.
Support level of the rectangle, 1H time frame is 930 and 946 is the upper limit. 947 is a major resistance, once broken - expect a level of 961 and 1002.
Please use other indicators like William %R, RSI, EMAs or SMAs for your execution.
Disclaimer:
This content has been created only for educational purposes. The Analyst is not SEBI Registered Analyst. For any of your losses or profits, author is not responsible.
Happy to share. Together we grow.
Axis Bank looks weak below 947Axis Bank looks weak below 947 can see price of 939 and 927 if trades below 947. RSI also looks weak.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
If you think this idea is use full
please like and share and follow
Thank you for reading my idea
Axis Bank - Long above 937.11
*Author Uses Confluence of Gann, Fibonacci & Wave Analysis with his own unique, easy to understand leading indicator. for wave and sub - wave counting. No complex calculation required for PRICE,TIME & VOLUME Analysis.
*Works for long term investing, swing trading and intraday also.
*Analysis of Axis Bank shows that it is ready to make new highs above levels as shown in the previous analysis also by the Author.
Statutory Warning:
The author is not a SEBI or any Regulatory Authority Registered Analyst.
The content has been created only for sharing of knowledge. Please consult your Financial Advisor before making any decision. Author is not responsible for any of your losses or profits.
Happy to share!