EXICITING BULLISH PATTERN ALERT📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: AXIS BANK
🔍 Description:
Moment Stock with Strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
UZC trade ideas
Axis Bank technical chart analysisAxis Bank technical chart analysis
Strong support zone is 845-822
Strong resistance zone is 1000-965
Impulse wave
Impulse wave has completed (1-5) on daily basis.
Wave 1 & wave 5 are equally.
Wave 3 is longest wave.
Wave 2 taken less time as compare as wave 4 ( in corrective pattern).
Corrective wave
Corrective wave is pending & expect it may flat or zigzag pattern, elongated, running etc .
Touched Fibonacci R3 resistance level at present (988)
RSI is making LL & Price is making HH on daily chart. (Divergence)
On balance volume indicator making divergence
Target:
Downside: 38.2% must to be came at least this level 905
Upside: 1218 level but take a time month/years.
Note: Axis is all time high. It is not possible breakout in second attempt. Therefore it should be correction
This is only education purpose only
AXIS BANK - Chart Analysis || 17th April, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for AXIS BANK
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
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Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = Axis Bank
Time Frame = 1 Day
Axis Bank LtdAxis Bank Ltd.
ABOUT
Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.
KEY POINTS
Market Leadership
The Bank is the 3rd largest private sector bank in India. It is the 4th largest issuer of credit cards and the 2nd largest merchant-acquiring bank in India with an installed capacity of 10 lakh+ terminals, acquiring an incremental market share of 30% in FY22.
Branch Network
During FY22, the Bank added 164 branches to its network. At present, it has a total of ~4,750 branches, 16,900+ ATMs and Cash Deposit/Withdrawal machines, and 145+ SME centres. The region-wise breakup of branches is as follows:
Metro - 30%
Semi-urban - 30%
Urban - 23%
Rural - 17%
Loan Book
Retail loans account for 57% of the bank's loan book and corporate & SME loans account for the rest 43%. The retail segment has increased its share from 41% in FY16 to 57% in FY22.
Retail Book
Home loans account for 36% of retail book, followed by rural loans (14%), LAP, auto loans and personal loans (each 11%), small business banking (7%), credit cards (4%), Comm Equipment (2%) & others (4%).
Market Share
As on 31st March, 2022, the Bank has 5% market share in assets, 4.8% in deposits & 6% in advances in the Traditional Banking Segment. In the Digital Banking Segment, it has a market share of 15% in UPI, 14% in mobile banking and 12% in credit cards circulation in India.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Stock breaks the previous swing high.
2. Stock trading at it's 52 Week high.
FUNDAMENTAL ANALYSIS.
Sector: Banks
Industry: Banks - Private Sector
1. Market Cap - ₹ 2,98,092 Cr.
2.Capital Adequacy Ratio - 18.54%
3.Net Interest Margin - 3.47%
4.Gross NPA - 2.82 %
5.Net NPA - 0.73%
6.CASA Ratio - 45%
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning
AXISBANK - Intraday Trade || 6th June, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 6th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange
DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
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best stocks to buy now
best stocks to buy
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best stocks to buy today india
best stocks for swing trading
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nifty view
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bank nifty Levels
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share news
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AXIS Bank Look good for Medium term InvestmentAXIS Bank Looking good on Daily charts possibly completing Cup Pattern which bring targets 7-8% in next 1 Months.
Further CUP Pattern Breakout can Open Room for more upside on stock with targets 10-15% upside in next Quarter after breakout.
Happy Investing.
AXIS Bank - Intraday Trade || 26th May, 2023 #stocks Traded for Intraday Today (26th May, 2023)
AXIS BANK (5min TF)
Entered LONG at 11:05am
✓ Achieved 0.52%
✓ R:R = 1 : 4
Exited LONG at 1:15pm
✓ The stock opened with a large red wick candle and below yesterday's close
✓ Waited for the marked to settle and saw that it was making a symmetrical candle
✓ On the breakout of the triangle on the topside we entered with SL below the triangle
✓ Target was 1:4
#stocks #intraday #priceaction #followthetrend #intradaytargethit
Watch out for Axis Bank 1HR TFAfter analyzing Axis Bank's stock, there are indications that a potential breakout may occur in the near future. 1HR TF, Channel Pattern
However, it's important to note that stock market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.