Trade ideas
Axis bank Buy 805 SL 795 T1 811 T2 814 T3 822Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Simple Trade Setup | AXISBANK | 18-10-2021 [ INTRADAY ]NSE:AXISBANK
Observations:
1) On 1 day time frame, it is taking support from 21DMA.
Currently 21 DMA is placed at 789.68 level.
From OI data, We can establish that immediate resistance is at 810 and major resistance is at 820 level.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see that it is in parallel channel support zone area and took support from middle trendline of it.
Upper trendline will work as resistance. Sustainable breakout of it will give bullish move.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
AXIS BANK TRADE SETUP NEAR TO BREAKOUTAs you can see in the chart, in the previous day's Axis Bank share has tested 760 level multiple times.
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And then gave the breakout, now again the stock tested multiple times the 805 levels.
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And the stock is near to breakout if stock goes above 805, we can buy this call for the target of 820.
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What's your view on this comment below in the box.
Axis bank, Go LongCurrently trading at ₹802 on daily chart, forming ascending triangle pattern, my first target is 828, then will have to wait for breakout for next higher target.
Kindly consult your financial advisor before trading.
I am not a sebi registered analyst
How Enter the Trade Before Breakout- Axis BankHi All,
Pranam,
In this video, i was explaining, how we can enter the trade before the breakout and have risk to reward favorable to us.
If you like our video, kindly like us.
Disclaimer: Kindly do your own analysis before executing the trade.
AXIS BANK - LONGBank Nifty is showing a good momentum and with earnings season it is expected to be in focus . US banks have delivered excellent Q2 results and same is expected with Indian banks. HDFC bank results today will set the ball rolling. Axis Bank has given a good signs of breakout above 800 and going towards life time high price of 820. Beyound that SKY is the limit for this gem.
GO LONG
Axis Bank Reverse Head & Shoulder FormationA perfect reverse H&S shoulder formation on daily TF. If daily candle closes above 822, one can enter for targets marked
Multiple bullish patterns at breakoutStock is in uptrend for few years with a trendline support from 2016. During COVID crash, bears broke the trendline support. The Bulls energized a V shaped recovery and took the trendline support again.
While the V shaped recovery, the stock formed Inverted head and shoulder and it is at the urge of breakout with the ascending triangle formation.
Patterns :-
Trend support line
Inverted head and shoulder
Ascending triangle formation
Buy above neckline
Target at 1024, 1499
Stoploss at 750
AXIS BANKWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
AXIS BANK LEVELS...13.10.2021AXIS BANK forms bearish pattern in daily candle...once below closed at 805 then huge fall expect
Axis BankCMP-800
Target - 820
Just at Golden Crossover
Timeframe - Daily
MACD + Positive Crossover- in above zero line
Stochastic RSI - Uptick
RSI - 59+
MACD in weekly & Monthly timeframe- an uptick
All in All Bullish
