A good amount of correction still leftAxis Bank CMP 1139
Elliott- the iii rd wave of C is underway. This fall will be sharp. To me it should end around the 994 zone.
RSI- On the last rally to the highs the oscillator only managed to go till the bear zone which is negative. Now it is below the averages and is all set to break its bull support.
Hence my view on Bank Nifty is intact the selling is still not over.
UZC trade ideas
AXIS BANK DOUBLE TOP UNDER FORMATION AND NEAR BREAKDOWN Axis Bank Ltd. Double top or Trendline and consolidation breakdown
to keep on radar
Will it survive and sustain above its support ?
or
Will it Breakdown and slide further down
Lets see how it evolves further
Other points of consideration are
1. RSI on daily taking support at 40 levels
2. Narrowing Bollinger bands forming a rectangular consolidation on daily charts with price trading near lower Bollinger Bands
3. Price slide below lower bands and RSI sliding below 40 on daily chart will make the stock further weak
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Good Short Strangle for Axis BankLooking at the CPR Pivots , Can see a good Strangle Set-up for Axis Bank.. Margin Required - 4.12 L and Max Profit is 16K (4.13%) -- Probability of Profit is 83%
Downside :- Have to wait for 16 Dec..
1250 CE *1
1300 CE *4
1050 PE *1
1040 PE *1
All December expiry
**********
Not a trade suggestion. Please review yourself before you take the trade..
Axis Bank Simple Trend Analysis!!AB can bounce from 1169 to 1189 in coming days and Ab has broken daily & weekily resistance trendline and also retested at the end on the day.
May a bounce can come if open above weekly trendline (1170) or gap up. if not another buying oppurtunity is will be at 1144 where both daily n weekly are intersecting.
Axis Bank: Slipping Gently or Taking the Express Route Down?#axisbank
🐻 Axis Bank: Slipping Gently or Taking the Express Route Down? 🛬
Axis Bank is currently parked at 1,165-1,170, but from the looks of it, this might be the last stop before it starts exploring some serious basement deals. With 1,075, 1,024, 1,006, and, if things get really spicy, 964 on the radar, Axis is giving us vibes of a stock that’s ready for a bargain hunt! 📉
Now, 1,024-1,006 looks like it’s holding the fort as a “strong support.” But you know how it goes with support levels — they’re there until Axis decides it’s more fun to test their limits! Think of it as Axis Bank’s version of a trust fall. Will it hold or plunge? Only time will tell!
For now, keep those stop-losses tight, grab some popcorn, and get ready to see if Axis Bank’s dive goes all the way to the bargain bin at 964. Will it bounce, or is it on a mission to redefine what “lower lows” mean? Either way, this could be one thrilling descent! 🎢🐻
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
axis bank for a swing tradeaxis bank looks bullish.Ref: 3 hr candle.made a triple bottom /inverted head and shoulder and trying to breake a resistance of 1200.if it closes with a strong bullish3 hr candle,there is a chance of upper movement till the upper trendline..dont jump into trade without strong closure.,,target will update later .early prdiction can be done with 1 hr candle and its volume during breake out.fib level also supporting the breake out.bank nifty also created a double bottom.....pls enter only after breake out confirmation
Axis Bank BullishAxis Bank CMP Rs 1157
The Stock is trading at 14% from its ATH
The stock has a support at 1153 - 1120 and longer term support at 1130 - 1080
A close abouve 1153 triggered today. One can look at positive move from this price range.
First resistence will be at 1280 and when crossed can get to higher levels
Axis bank AnalysisAxis Bank is currently trading within a defined price channel, showing a clear pattern of highs and lows. The support level near ₹1130 presents a key buying opportunity for traders, as the price has consistently bounced back from this level. This creates an edge for traders who prefer entering near support, offering a favorable risk-to-reward ratio.
In this case, you can capitalize on the potential upward movement with proper stop-loss placement just below the support and targeting the upper channel range. Monitoring the volume near this level can also confirm a strong price action rebound.
Consider pairing this technical setup with any relevant fundamental factors to strengthen the trade's probability of success.
Axis bankPrice moved in a narrow range 1220 to 1240 today. 1220 is an important level to decide the trend direction.
Buy above 1225 with the stop loss of 1218 for the targets 1232, 1240, 1248 and 1256.
If price is unable to sustain above 1220 zone and faced resistance, then sell below 1212 with the stop loss of 1219 for the targets 1205, 1198, 1190 and 1182.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Axis Bank Ltd view for Intraday 28th September #AXISBANKAxis Bank Ltd view for Intraday 28th September #AXISBANK
Buying may witness above 1282
Support area 1260. Below ignoring buying momentum for intraday
Selling may witness below 1260
Resistance area 1280
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Axis Bank Ltd view for Intraday 26th September #AXISBANKAxis Bank Ltd view for Intraday 26th September #AXISBANK
Buying may witness above 1275
Support area 1260. Below ignoring buying momentum for intraday
Selling may witness below 1245
Resistance area 1260Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
view for Intraday 23rd September #AXISBANKAxis Bank Ltd
view for Intraday 23rd September #AXISBANK
Buying may witness above 125
2Support area 1230. Below ignoring buying momentum for intraday
Selling may witness below 1230
Resistance area 1250
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,