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AXISBANK

Axis bank has a chance to ace it..Axis Bank Ltd. engages in banking and financial services. It provides financial solutions to retail, small and medium enterprises, government, and corporate businesses. It operates through the following segments: Treasury, Retail Banking, Corporate or Wholesale Banking, and Other Banking Business. The Other Banking Business segment encompasses para banking activities such as third party product distribution advisory and other banking transactions. Axis Bank Ltd. CMP is 1188.80. The positive aspects of the company are low Valuation (P.E. =13.8), Company with Zero Promoter Pledge, Increasing Revenue every Quarter for the past 8 Quarters, Mutual Funds Increased Shareholding over the Past Two Months, MFs increased their shareholding last quarter and Book Value per share Improving for last 2 years. The Negative aspects of the company are Poor cash generated from core business, declining Cash Flow from Operations and Increase in Provisions in the recent results. Entry can be taken after closing above 1191 Targets in the stock will be 1206, 1243 and 1270. The long-term target in the stock will be 1292, 1313 and 1337. Stop loss in the stock should be maintained at Closing below 1127. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:AXISBANKLong
by Happy_Candles_Investment
Should I buy Axis Bank in FNO for positional trade?It is said that RSI has the power to fool you... There is a bearish divergence in the daily chart of Axis Bank Fut but if you notice, RSI has gone up tin the overbought zone multiple times but hasn't broken the 30 mark on the downside. RSI basically indicates strength and it not breaking the oversold range at 30 means that the stock has strength and that the divergence may be false. Secondly, the candles are trading comfortably above 21 and 50 EMA which is again a buy signal. Now, let's talk about Fibonacci retracement. The stock in in an uptrend and there was a retracement as expected. The prices went down and took support at 0.382 (1092.95) and bounced right back up and easily crossed not only 0.50 (1122.50) and 0.618 (1152.05) but looks like it is holding strong above it. Now, if this continues, the upside can easily be around 1247.70 and 1315.80 but then there is selling pressure as well so I will watch the support at 1122.50 which is the 0.50 level because 50 EMA stands above it at 1169.93.
NSE:AXISBANK1!Long
by travellingtradermumbai
Axis Bank - Ready for next life time highThis stock trades with steady volumes on the bourses in all time frames. Similarly, it is in the oversold zones of oscillators in average time frames. The 52W H/L being INR 1,151.85 / 814.25 It is consistently making Higher Highs and Higher Lows. It is standing around its support level in a rising channel. LTP on NSE on 06/Feb/2024 was INR 1,053/- (with a high of INR 1,096.20) It has already reached its demand zone and conservatively even if it falls from the current level to INR 1,000, it will be a good buy INR wherefrom it bounced back to reach its lifetime high. After all this discussion, I believe the target price should be INR 1,300-1,400. Stop Loss should be INR 900 Risk to Reward will be 1:4 The time horizon should be 9-12 months
NSE:AXISBANKLong
by Hobbytopassion_ManishJain
Axis Bank (ticker: AXISBANK) ForecastThe chart provided is a daily candlestick chart for Axis Bank (ticker: AXISBANK) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Daily - Data Range: From around September 2023 to mid-2024 Price Analysis: - Current Price: ₹1,174.00 - Price Movement: The stock has shown notable price movements over the period. - The price had a significant rally from around ₹900 in October 2023 to a high near ₹1,225 in early 2024. - Post the high, the stock has been in a consolidation phase with a downward trend, forming lower highs and lows. Technical Patterns and Indicators: - Descending Channel: The stock price has been moving within a descending channel from the high in early 2024. - Upper Trendline Resistance: Around ₹1,182 - Lower Trendline Support: Around ₹1,106 - Fibonacci Retracement Level: Applied from the recent swing high to low. - 0.618 Level: ₹1,152.90 - 0.5 Level: ₹1,143.90 - 1 Level: ₹1,182.05 Key Levels and Future Projections: - Resistance Levels: - Immediate Resistance: ₹1,182.05, which aligns with the upper trendline of the descending channel and Fibonacci level. - Major Resistance: ₹1,228.80, which is close to the previous high. - Support Levels: - Immediate Support: Around ₹1,143.90 to ₹1,152.90 (Fibonacci levels). - Major Support: Around ₹1,106, aligning with the lower trendline of the descending channel. Trade Setup: - Bullish Scenario: If the price breaks above the immediate resistance at ₹1,182.05 and sustains above this level, it could potentially move towards the major resistance at ₹1,228.80. - Bearish Scenario: If the price fails to break above the immediate resistance and moves below the Fibonacci support levels (₹1,143.90 - ₹1,152.90), it might test the lower trendline support around ₹1,106. Conclusion: The chart for Axis Bank shows the stock in a consolidation phase within a descending channel following a strong rally. Key levels to watch include the immediate resistance at ₹1,182.05 and the Fibonacci support levels. A breakout above ₹1,182.05 could signal a bullish move towards ₹1,228.80. Conversely, failure to break this resistance and a move below the Fibonacci support levels could indicate a bearish trend towards ₹1,106. Traders should look for a confirmed breakout in either direction to make trading decisions.
NSE:AXISBANKLong
by The90sTraderOfficial
1
AXISBANK (Axis Bank Limited) - Swing TradeClosing Price: ₹1,165.25 Change %: 3.49% Volume: 12,818,081 High: ₹1,169.65 Axis Bank has shown an impressive gain of 3.49%, reaching a high of ₹1,169.65. The substantial volume reinforces the bullish trend, indicating strong buying pressure. Such a breakout performance often precedes further price appreciation, making AXISBANK a strong candidate for a swing trade. Kindly conduct thorough analysis and consider market conditions before making any trading decisions.
NSE:AXISBANKLong
by ruelfernandes
AXISBANK--Trading in Channel this stock is trading in a channel price is still unable to break the supply zone @1100. if it tries again then definately sellers again push the price downwards,will observe a fallback below the support levels. wait for the price to breaks the keylevel, to go for shortside continuation. keyresistance level and support levels are marked. trendline is pushing the price upwards, this time if price failed to push the price up, price will test the supports at 960 levels and 930 levels.
NSE:AXISBANK
by IIT-Trader
2
AXISBANK--Breakout or Breakdown??Keep in long side until price breaks the trendline... ---------------------------------------------------------------------------------------------------- I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:AXISBANK
by IIT-Trader
2
#TATAINVEST 2689 BUY for 30% upside #stocksToWatch Rachit Sethia#TATAINVEST NSE:TATAINVEST TATAINVEST 2689 TGT 3525 SL 2377 RR = 2.7 Return 31% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:TATAINVESTLong
by Rachit_Sethia
1