UZC trade ideas
#Axisbank short below 930, F&O traders can get 2.75% gainsAxisbank has made inverted hammer candle on weekly Time frame which is a bearish sign for me. Now I will be planning to initiate shorts trades in 2 ways
1) Once price goes below 930, will go short targets will be a) 922 b) 908 c) 900 Sl would be 944
2) Price retraces to 949/960, shows signs of weakness and then I will initiate short. This will be the best case scenario with low risk and high reward setup. In this case my targets will be a) 930 b) 915 c) 908 d) 900 SL would be around 968.
Let's be a disciplined trader and respect risk.
Stock Idea: Axis BankAxis 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 lacs+ terminals, acquiring an incremental market share of 30% in FY22. Axis Bank gave a very strong breakout on multiple time frames. I believe the rally has just started. This stock should be in every portfolio for the coming years. Keep a Stop Loss around 900 and go long.
Axis bankPrice has broken the trend line and now its consolidating. Price movement will be slow if it moves in between consolidation zone and trend line. Buy above 946 with the stop loss of 940 for the targets 951, 958 and 964. Sell below 936 with the stop loss of 941 for the targets 930, 924 and 918.
Axis Bank LimitedAXISBANK:- Rounding bottom pattern has been formed, if it gives breakout and sustains above resistance, then we can consider buying, otherwise ignore. keep in radar.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Axis Bank Swing TargetsThe FASP for Bandhan is listed for 29-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: Up to 6 Months
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
AxisBank AnalysisConsidering the bullish trend with the banking sectors , Axis Bank performance is much better when compared to its competitors . Currently Axis Bank almost made a 78% retracement from the ATH levels . Current pattern and ascending channel is formed . We might expect some pullback to the 860 levels once a breakdown is confirmed before an further upward movement . 900 levels acts as strong resistance zones . If one wants to take a long position make sure the ATH levels are broken . If you look at the weekly or monthly time frames the stock is already broken out of its structure .
Note :
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 .
Axis Bank Chart Pattern AnlysisAxis Bank Chart Pattern Anlysis
There is bulish start in our Indian Economy
Hope to start our best economic time
Bank stocks are already doin g their best so its probability to make All time high or reverse
if its break upper side wait and buy for Long
If it sustain and reverse from resistance line we can take short
Thanking You