AXISBANK - Cup n Handle breakout - 50% upside potentialAXISBANK has given cup n handle pattern breakout at 840-860 resistance levels.
The breakout has been confirmed by giving a strongly weekly close above the s=resistance zone of 860.
First target: Around 1050
Second Target: Around 1340
SL: Daily candle close below 840
View: ~ 1 year
UZC trade ideas
Buy Today, Sell Tomorrow: AXISBANKDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Range Breakout in AXISBANK
Buy Today, Sell Tomorrow: AXISBANK
Axis Bank Breakout above Major Resistance (Ready for Big Rally!)Axis Bank Breakout above Major Resistance
Daily and Weekly Positive RSI
Crossed and Closed above major resistance of 18 Months
Reverse from Daily 233 EMA and weekly 31 EMA
Ride Trend till not closing below week low (Trend Reversal signal)
Can we see some profit booking in Axis I know I know I know that price has formed a inverse head & shoulder and all
-->But if we observe recent rally there is no profit booking and price is at major supply zone.
--> We will get better RR ratio if we short here and if the plan works.
-->So Idea here is Sell CMP @812-814 level
-->SL - 820 level.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
--.If only price give closing above supply line then we can plan for longs.
Axis Bank Triple Bottom Breakout Axis Bank is near breakout closing above 820 on weekly charts is must to confirm the same, can buy for targets of 920.
Disclaimer: I am not SEBI registered and all the analysis is purely for educational purposes. Not a buy or sell recommendation. consult your financial adviser before entering any trade.
Axis Bank at very crucial resistance zoneStock has never broken this zone since 3-4 years.
We can only go long on positional basis after a weekly candle close above 830.
Also, Stock can face resistance from this level. In this scenario, We can go short on this after a daily negative candle as RR ratio will be more favorable.
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AXIS BANK INTRADAY ANALYSIS.Prices have placed themselves at a crucial point where it can give a nice breakout or a reversal. After considering price action on lower time frames of 5 or 15 min, the prices can give a strong move as it moves above Rs 815/- or it can go into consolidation as it sustains below previous day's closing price.