Intraday Short opportunity scenario If open flat and come price at our selling point 744 then you got easy trade for short in intraday
AXISBANK
Axis Bank NSE:AXISBANK Axis Bank To give Breakout
Stock was taking proper support at 728-731/- Level and resistance at 755-759/-.
Simple It formed ascending triangle by taking support at 765/-
Entry: 769 SL: 751 Target:800
axis bankAxis bank trade at demand zone and now i am expecting some correction towards up side..
Purly intraday
axisbank longclear break of a range
800 could be a good level fo a target
if price sustains above 750..that is if this move is not a fake
this can reach 800 levels sure
AXIS BANK SHORT TERM LONG TRADE AXIS BANK IS A GOOD BUY AT CMP. BUT DO TAKE CHECK YOU RISK REWARD BEFORE ENTERING. LEVELS ARE MARKED ON THE CHART ONLY DO CHECK.
AXIS BANK - Inverted Head & ShoulderFacts that Supports upward movement : -
i) High Volume and Inverted H& S pattern on verge of breakout
ii) Increase in earnings
iii) Decrease in Gross & Net NPAs.
iv) Target 900-920 suggested by brokerage houses.
v) FPI/FII increased holding from 51.02 to 51.43% in March 2021 qtr.
vi) Reduction in covid cases and normalisation in situation.
Facts against upward movement of price : -
i) The lockdown from April onwards may result in less profits for this quarter.
ii) Promoters decreased holding from 13.93 to 13.58 % in March 2021 qtr.
iii )Mutual Funds decreased holding from 13.93 to 13.58 % in March 2021 qtr.
iv) Volume although high is lesser in the right shoulder pattern.
Axis BAnkAxis Bank has heavy support if bank nifty index bullish then also bullish axis bank on Wednesday and high probably chance to bank nifty open in bullish
breakout after a consolidation here we can see a good consolidation forming on the resistance level which means the sellers are getting weak so this could result in a good breakout. best of luck
Axis_bank_intradayWEdge breakout and so expecting this move eventually. Chk it out. Lets see the outcome
AXIS BANK Swing TradeAXIS BANK is forming a triangular pattern as well as inverse head & shoulder pattern. Price is expected to reach above 760-770.
AXISBANK LONG INTRADAY 24 MAY,2021Dear trader,
If u look at the chart of AXISBANK (analysis based intraday only) the AXISBANK Buy at 730 and Target at 745
Best Buy at 728.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
Axisbank Axisbank looking in Bullish impulse started
One can go Long now or in dips with stoploss of 704
All the key levels are mentioned in chart with Stop-loss and Targets.
Head and Shoulder Pattern Neckline Breakout
Impulse Started
Macd in daily time frame positive and Uptick
Macd in hourly time frame positive and Uptick
Rsi in daily at 59 along with Uptick
Rsi in hourly above 60
Upper Bollinger Challenged in Hourly
DMI and adx positive attitude
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Bullish Reversal On Weekly Chart Of Axis Bank.NSE:AXISBANK
Last week (17th May 2021) closing of AXISBANK weekly candle indicating good reversal or one can even say beginning of up move after retracement.
If we get any follow through to this weekly candle even on daily chart its will be good confirmation for AxisBank to be making new lifetime high.
For short term or long term investors AxisBank have good support near 560-530.
As far as targets are concerned I always prefer to use Fib Extension tool when there is no background remain for any stock. And as per Fib Extensions level of 1.618 AXISBANK may reach 1270 within a period of 3-6 months.
Thanks for Reading and sorry there is not much to say in this chart. Its looks too simple.
|| Hari Om ||
AXIS BANK :: BULLISHDATE: 19 MAY 2021
INSTRUMENT: AXISBANK
TREND: BUY
TIME FRAME: day
CMP: 716.80
BUY ABOVE: 725
STOP LOSS: 700
TGT 01: 760
TGT 02: 790
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Axis BankImportant levels are marked in chart. build up and trend in long side, dips are to be used for long entry in staggered manner.
AXISBANK All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Axis bank (Make or break levels)As we know rising of Coronavirus cases in India is affecting banking stocks the most.
has a very strong support around 628 to 630 and it just showed sign of reversal. Although with increasing cases of Corona virus can bring to stock down again to 628 levels and provide a shorting opportunity as well.
