AXIS BANK Swing Long Update - Axis Bank is currently trading at 1232
- Axis Bank swing long was posted a week back and now all my expected targets have been purged
- If you are holding Axis try locking in a major chunk of your gains
- I am anticipating that Axis Bank can soon start retracing now
- Watch out if you are holding aggressive longs
UZC trade ideas
Axis Bank LtdAll important points are marked.
Do own studies before investing in equities.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
support and resistance levels for Axis Bank (AXISBANK):Here are the current support and resistance levels for Axis Bank (AXISBANK):
Support Levels
Previous Low: 711.50
Fibonacci 38.2% Retracement: 717.50
200 DMA (200-Day Moving Average): 722.50
Fibonacci 23.6% Retracement: 730.00
Short-term Support: 735.50
Resistance Levels
Fibonacci 61.8% Retracement: 745.00
Previous High: 752.50
Fibonacci 78.6% Retracement: 760.00
Medium-term Resistance: 770.00
Long-term Resistance: 785.00
Axis bankPrice gave trend line break out and now it is at the important zone 1998 - 2004. Sustaining above this zone can move the price up.
Buy above 1206 with the stop loss of 1998 for the targets 1214, 1224 and 1236.
Sell below 1990 with the stop loss of 1998 for the targets 1982, 1974 and 1962.
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.
AXISBANK // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for Axis Bank (AXISBANK) based on a 4-hour chart:
**Resistance Levels:**
1. 1,045 - 1,050 (previous high)
2. 1,060 - 1,070 (psychological level)
3. 1,080 - 1,090 (resistance zone)
**Support Levels:**
1. 1,030 - 1,040 (previous low)
2. 1,020 - 1,030 (psychological level)
3. 1,010 - 1,020 (support zone)
**Key Levels:**
1. 1,040 - a crucial level to watch for trend continuation or reversal
2. 1,020 - a potential reversal zone
**Notes:**
* Axis Bank is currently trading around the resistance level of 1,040.
* A break above this level could lead to further upside momentum.
* A break below the support level of 1,020 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 55, which is in the neutral zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bullish crossover.
* Bollinger Bands: Axis Bank is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the bank's earnings and other fundamental factors can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
AXISBANK // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
AXISBANK on a 1-hour timeframe
Chart Patterns:
Look for patterns such as Head and Shoulders, Triangles, Flags, or Pennants that might indicate future price movements.
Candlestick Patterns:
Observe for any significant candlestick patterns such as Do ji, Engulfing, or Hammer, which can provide insights into potential reversals or continuations.
Support Levels:
₹1,180
₹1,160
₹1,140
Resistance Levels:
₹1,200
₹1,220
₹1,240
Axis Bank: On verge of a multi-year breakoutAxis Bank is on the verge of a multi-year trendline, which is been followed by it from its inception.
as you can see in the chart and can easily find that, Axis Bank is also a stock that follows Darvas box theory very well.
As per Fibo retracement shows the next level (Target) for Axis as 1500 around.
it can reach there in the next 1-2 quarters. or till the end of the 2023 financial year. (March-2024)
Axis Bank Ltd view for Intraday 10th September #AXISBANKAxis Bank Ltd view for Intraday 10th September #AXISBANK
Buying may witness above 1180
Support area 1160. Below ignoring buying momentum for intraday
Selling may witness below 1145
Resistance area 1160
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
AXISBANK // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Axis Bank Limited (NSE: AXISBANK), here are the key levels on the 1-hour timeframe:
Resistance Levels:
R1: ₹1,200.00
R2: ₹1,220.00
R3: ₹1,240.00
Support Levels:
S1: ₹1,180.00
S2: ₹1,160.00
S3: ₹1,140.00
These levels can help you identify potential entry and exit points for your trades
Axis Bank Ltd view for Intraday 9th September #AXISBANK👑👑AXISBANK👑👑
Axis Bank Ltd view for Intraday 9th September #AXISBANK
Buying may witness above 1170
Support area 1160. Below ignoring buying momentum for intraday
Selling may witness below 1145
Resistance area 1160Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
AXIS BANK 30 Min levels (S/R)# we mark Support and Resistance on the charts so you can check..
Support Levels:
Definition: A support level is a price point where a stock tends to stop falling and may even reverse direction. It represents a level where buying interest is strong enough to outweigh selling pressure.
Identification: Support levels are often identified by looking at historical price charts where the stock has previously bounced back up after hitting a certain price level.
Role Reversal: Once a support level is breached, it can become a new resistance level.
Resistance Levels:
Definition: A resistance level is a price point where a stock tends to stop rising and may reverse direction. It indicates a level where selling pressure outweighs buying interest.
Identification: Resistance levels are found by analyzing historical price charts where the stock has previously fallen back after reaching a certain price level.
Role Reversal: When a resistance level is broken, it can turn into a new support level
AXISBANK 4H levels (S/R) we mark Support and Resistance on the charts so you can check..
When referring to "4H levels" for Axis Bank, it’s likely you are talking about technical analysis on a 4-hour (4H) chart. In technical analysis, a 4-hour chart is used to view price movements and patterns in 4-hour intervals, which can help traders and analysts make short to medium-term trading decisions.
Here’s how you might interpret 4H levels for Axis Bank:
**1. Support and Resistance Levels
Support Levels: These are price levels where the stock tends to stop falling and might bounce back up. On a 4-hour chart, you would look for previous lows or price levels where the stock has historically found buying interest.
Resistance Levels: These are price levels where the stock tends to stop rising and may reverse downward. On a 4-hour chart, these would be previous highs or levels where selling pressure has historically increased.
Axis Bank Hits the Demand Zone, Just as We PredictedIn our analysis published on July 2, 2024, Axis Bank was trading around Rs 1250.
In our analysis we had marked a demand zone for the stock. As we had predicted, the stock came down and dived into the demand zone. At present, it is trading around the demand zone.
Check out our analysis to know more about our prediction on Axis Bank.
We anticipated the move a long time before it actually happened!
Don't miss out! Follow our Ideas to stay ahead of the game.
Axis Bank Long Setup - Axis Bank is currently trading at 1175
- BNF is carrying a bullish structure and at the same time Axis Bank is trying to form a base
- Axis Bank looks for a swing long around 1155-1164
- Watch out for the invalidation before looking for longs
- The structure looks intact and it will soon expand towards the upside as long the index doesn't collide.
AXISBANK Levels // 30 MinHello Everyone 👋
Stock Price: As of the last close, Axis Bank’s stock price was ₹1,165.95 INR, showing a decline of 0.34%.
Support Levels: The stock dropped from ₹1,340 and is now nearing support at ₹1,160-1,150, including historical levels and the 200-day Simple Moving Average (SMA).
MACD Signal: The Moving Average Convergence Divergence (MACD) suggests a potential reversal, indicating a buy opportunity.
Upcoming Earnings: The next earnings report is expected around October 23 for Q2 2024. The estimated earnings per share (EPS) is ₹20.25 INR, and the revenue estimate is ₹195.84 billion INR.
#AXISBANK .. short term swing tradeMomentum:
Price Action: The stock is showing signs of bullish momentum as it attempts to break out of a recent consolidation range (marked by the horizontal resistance line around ₹1,177). The breakout appears to be taking place with some strength, which is a positive signal.
Target Area : The chart highlights a potential target zone above the breakout point, suggesting a price increase of approximately ₹40.70 , which represents a 3.45% move from the breakout level.
Dow Theory:
Primary Trend: The primary trend on the hourly chart appears to be bearish, as indicated by the preceding significant downtrend.
Secondary Trend: The stock has been consolidating in a range after the downtrend, forming a base. This consolidation is indicative of accumulation, where sellers have weakened, and buyers are gaining control.
Tertiary Trend: The short-term trend shows a potential reversal to the upside, as indicated by the breakout from the consolidation phase.
Strength:
Volume: Although volume is not visible on this chart, a breakout with increasing volume would add further strength to this buy signal.
Support and Resistance: The stock has broken through a key resistance level at ₹1,177, which now acts as a support. If the price stays above this level, it reinforces the bullish strength.
Buy Signal:
Breakout Confirmation: The chart shows a confirmed breakout above the resistance level, which is generally considered a buy signal. The target price is indicated at ₹1,206, which aligns with the potential measured move from the breakout level.
Risk-Reward: The risk-reward ratio seems favorable, with the potential upside being greater than the downside if the support holds.
In summary, the chart is showing a bullish signal with a breakout from consolidation, supported by the reversal of the short-term trend according to Dow theory. The stock appears to have momentum on its side, and if the price stays above the breakout level, it could offer a solid buying opportunity with a target around ₹1,206.