UZC trade ideas
Axis bank inverted head sholder patternif rejected from 996
its means its making right sholder in weekly time frame
sell till 856
sell stop loss 996
above trade line sustain then buy
in my opinion its make
inverted head and sholder pattern
in weekly time frame
above 996 fast move target 1165 in 2 week
buy entry level 856
Axis bank Looks BearishAs Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 768-66 Level then probably it will test 760,755,750 Level if you are ready to take risk then go with 760 PE
Buy Axis Bank 760 PE Near 9, SL 6, Target 14,16 Time Frame 1-2 Days
Only For Educational Purpose.
Axis Bank stock technical analysisIdea:
I am bullish on Axis Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 990. I am looking for the stock to reach a target of 1050 in the next 2-4 weeks.
Entry:
I would enter a long position on Axis Bank above 990. I would use a stop loss of 985.
Target:
My target for the trade is 1050. I would exit the trade if the stock closes below 985.
Risk:
The risk on this trade is 50 points, or 5% of the stock's current price.
Notes:
This is just a trading idea and not financial advice.
Here are some additional factors to consider when trading Axis Bank:
The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for Axis Bank to break out of its current trend.
The news flow. Any negative news about Axis Bank or the banking sector could weigh on the stock price.
Please do your own research before making any investment decisions.
Shift in trend structure: HH & HL to LH & LL formation|AXISBANKNSE:AXISBANK
Axis bank 1 hour chart is forming higher highs and higher low but now after formation of 2 highs at a same level at 990 the price has tried to break the level 3rd time and it has formed a lower high so now one condition is fulfilled and we need a 2nd condition which is form a lower low and that will be created after the price breaks below 953 Neckline.
All the important levels and full analysis is mentioned on chart.
The above information is for educational purposes only, Before acting on any investment idea please do your own analysis and follow proper risk to reward.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
Axis bankAxis bank on a daily time frame,
consolidation between 990 - 950,
If it breaks in the lower side means a double top pattern form,
If it breaks the upper side it means a rectangle pattern forms,
so wait and watch which side breakout happens
Can Trade Accordingly.
Note:- Education purpose only.. not advice to buy.
Axis bank Reverse cup & handle patternThe 15-minute time frame for Axis Bank reveals a prominent reverse cup and handle pattern. This bullish technical formation suggests a potential trend reversal, with the stock showing a cup-shaped decline followed by a handle consolidation. Traders may consider this pattern as a signal to anticipate an upward move in Axis Bank's price.
*Education purpose only*
Axis Bank CautionIf you have Axis Bank in your portfolio or have long directional trade then today's low is very important for trend reversal. if today's low breaks tomorrow or in the coming session then the trend can reverse from the upside to the downside.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Double Top A double top is a bearish technical reversal pattern.
It is not as easy to spot as one would think because there needs to be a confirmation with a break below support.
While a double top is a bearish signal, a double bottom is a bearish signal.
Top tops usually have an upswing, initial peak, trough, second peak, and neckline.
Investors can short trade after the break or place small trades, as double tops may have limited profit potential.
Script = Axis Bank
Time Frame = 1 Day
Axis bank case studyAxis bank spot cmp 985
Weekly time frame
Wolf wave + elliot wave study.
Elliot wave :- counter is trading in sub wave (v) of major wave 5 , where after motive phase gets terminated.
Price wise levels of 1015-1035 would act as a range where wave (v) could mature.
Ascending trend line resistance of wedge structure confluence around same levels.
Rsi in this last move have given bearish divergence.
Wolf wave :- on smaller time consideration wolf wave formation is being observed , which would mature around 1020-1040 levels.
around 2-3 major studies maturing around same range, on weekly time frame,
so going ahead counter would lots of selling pressure around this levels,
fresh long should only be considered above 1050 levels on weekly closing basis.
below that caution is required any time counter can slide to much lower levels.
Bulls keep caution ahead,,
AXIS Bank Update on the existing Idea . A follow up on the idea .
The stock broke the descending channel which is already mentioned in the previous chart and took support around the 50 % of the Fib levels with good volume and rejected .
I have added parallel channel to have a clear view so the stock is still inside the channel . The Support / Demand zones stays the same (800/820/840) where as resistance is at 900-910 / the upper limit of the channel .
Trade what you see not what you feel .
This is just view based on current market trend and pure analysis purpose .
Please consult with your financial advisor before you deploy any real money for trading .
ROUNDING BOTTOM PATTERN - AXIS BANKStock gives breakout of Rounding Bottom on daily timeframe and price retested the resistance.
Now this stock has the higher chances of moving upwards.
CMP :973
Target : 1040
Stoploss : 947
This is not a buy or sell call, this analysis is shared for educational purpose.