AXIS BANK Wyckoff AnalysisAxis Bank Chart seems to be in Distribution Schematic of Wyckoff Trading Method Analysis. Probably short Period of time Axis Bank will give some short opportunity, move toward the price approximately 500 and after that some consolidation and Might be some rally can be seen in the future because of long term uptrend. For positional call right time to enter in the trade is to 500 and the possible TP could be 1200 from technical point of view. But who knows what future might hold?
UZC trade ideas
Short Axis bankAxisbank is looking week in Daily chart
If you see the structure then seems breaking the support trendline but intraday got some support
If break 725 the expecting 685 and below
725 is crucial zone for Axisbank.
Technical indicators like RSI ROC Vortex is again showing selling sign.
Trade in option hedging that will give you confidence
Axis Bank Long SetupAxis reversed from the S1(729.40) level and closed above the Bullish Reversal zone indicating upcoming momentum towards upside in stock till Bearish Reversal(802) & R1(816) price marks. There are multiple support levels for the price, 1st at Bullish Reversal (744), 2nd at S1 (729.40) and last support stands at 714.50 which is also a Bearish breakout zone if stock crosses below this mark then we can see more bearish momentum in upcoming days. We can plan our trade based on these levels, till now we are long on the stock with stoploss below 729.
Start of a short term downtrend?#Axis_Bank Weekly chart
Historically it is seen that after a neat term top axis bank share price corrects about 150-200 odd points.
In the weekly chart, we can see an EVENING STAR PATTERN (a bullish reversal pattern).
If the low 764 is broken we can see the prices fall towards 600(An opportunity for the long-term investors to accumulate).
Wave theory followers can see Wave 12345 done @ 866 and A done @ 648 and B done at 815 and Wave C is unfolding towards 600.
Disclaimer: Educational View
AXIS BANKAXIS BANK IS NEAR TO IT'S TIME WISE CORRECTION AND PRICE WISE CORRECTION IS NEAR TO FINISH,
I HAVE MARKED A 2 POTENTIAL BUY ZONE.
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I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.Tweets neither advice nor endorsement.
AXIS BANK DAILY TIME FRAMEFrom the chart, it can be seen that a clear uptrend is being followed by axis bank.it has also broken its main resistance level (764) .
Also completed the 4th wave ( correction) of Elliot wave theory. So if global market remains good we can see the stock price moving towards a target of 860.
Entry @ 781 ( or 790)
Target = 860
Stop loss = 754
RIsk to reward ratio = 3:1
The above entry is based on my analysis and is for educational purpose only.
use your own analysis and other indicators to enter the trade.
AXIS Bank - Banking stock for positional swingChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.