AXISBANK: BULLISH BREAKOUT AND POTENTIAL REVERSAL PATTERNAXISBANK has broken out bullish from a bearish channel, suggesting a potential rally ahead. Additionally, there's a chance of an inverted head and shoulders pattern forming. However, confirmation of this pattern requires waiting for a bullish breakout at the key level.
Axis
axis bank is looking good with a great entry pointthere is a very good entry point in axis bank as it has completed it's wave cycle there is a very good chance that it can start a new wave cycle from here and if that is so then axis will not go below 846 on a closing basis so there is a very good risk reward trade here target will be around 910 ,915 not more at this point at time axis chart is similar to nifty but without any toxic waste to carry like nifty has to so I am buying axis with stops below 830 on closing basis
AXISBANK Potential for Bearish Drop | 6th February 2023Looking at the H4 chart, my overall bias for AXISBANK is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 908.00, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 970.00, where the recent swing high is. Take profit will be at 702.30, where the overlap support is.
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AXIS BANK Short Opportunity 30MTF based on 3 simple indicatorsIndicators: Bollinger bands, 200EMA and RSI
Trade Conviction:
RSI strength is decreasing
IF price breaks down 5 days average price then only we can see good down move
Dear traders, I have identified chart levels based on my analysis,
major support & resistance levels. Please note that I am not a SEBI
registered member. Information shared by me here for educational
purpose only. Please don’t trust me or anyone for trading/investment
purpose as it may lead to financial losses. Focus on learning,
how to fish, trust on your own trading skills and please do consult your
financial advisor before trading.
Please do review, analyse and share your comments as well.
Let us work and win together. Wish you a very happy, healthy & profitable trading day ahead!
Disclaimer: I have analysed the data based on my limited knowledge.
I am not a SEBI registered member. Information shared here for educational purpose.
Please don’t trust me for trading as it may lead to financial losses.
Please consult your financial advisor before trading.
AXS - I'd wait a little bit longerThe breakout of the wedge is ahead - for both low and high timeframe - but before we break out, Momenter is signalling a rising bearish momentum which would make sense as to finally hit the $11 area which is a strong support - price didn't touch it yet and it would be a pretty good area to long - Keep your eyes on it. If we break out to the upside, 28-30$ is an easy reach if BTC bounces aswell.
Axis Bank ToppingAxis Banks seems to have topped out. The selling volumes seem to be picking up again similar to it's previous fall.
The support levels are likely to be broken on another retest and the stock may be headed for 450 levels over the coming year.
View stands invalidated on break of highs of 867
Axie Infinity - Looks to get out for the high breakout since ..Hello trading friends,
Depending on the trend of this moment - AXIE infinity (AXS) is into the important zone for a breakout - and an interesting target could be above the 65 USD +
AXS did make some important changes at the support 40-43 trend - what makes AXS out of the level of breakdown trend.
If there is a coming time green change on market flow - AXS could show a great increase trend - At the same time, it's important to follow the BTC flow.
All that we need as traders for an uptrend coin - AXS has it - and it's only the question of this workout - time frame will learn.
Have a good time.
#this is not a trading call - manage always your risk.
Geometry: Ellipse and Adjusted AxisHey! Hope you are well!
Here is an adjusted axis on the five minute chart; the native chart I was using is five minute; here is the picture of what it looked like.
The varying eccentricity of the ellipse comes from the varying circular levels such as .25, .5, .75, 1, 1.25, 1.5, 1.75, 2
Imagine the circle as a 1x1 ellipse; now imagine the next ellipse as a 1x1.25; imagine the next one as a 1x1.5; go all through the varying harmonics of 1xn.
Enjoy!
Suggested Reading:
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course
Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III
H.M. Gartley - Profits in the Stock Market
Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition
J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach
Fabio Dreste - Quantum Trading
Michael Jardine - New Frontiers in Fibonacci Trading
The Wave Principle, Nature's Law
Ralph Nelson Elliot
Technical Analysis of the Financial Markets
John J. Murphy
Is AXS repeating this pattern again? 😱😱AXS is repeating history. A similar pattern is forming on the chart with the one highlighted in the blue area.
And so far the price is very clearly following the trajectory of this move. In case it approaches a key level and squeezes, there could be a breakout and a rise to the marked targets.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.