inverted Head & sholder bullish pattern on AXIS BANK inverted Head & sholder bullish pattern on AXIS BANK wait for bullish entry signal
AXISBANK
AXIS BANK TOUCHED DEMAND ZONE TODAY DYNAMIC SUPPORT LINE MAY RTRAXIS BANK TOUCHED DEMAND ZONE TODAY DYNAMIC SUPPORT LINE MAY RETRACE
AXISBANK - GO SHORT @ 474 FOR A GREAT RRAXISBANK - GI SHORT @ 474 WITH A SL OF 520 AND A TARGET OF 336. TARGET SHOULD BE ACHIEVED BY 18 AUGUST
Axis Bank a path to Weak Resistance and Breakout Axis bank is to face near term weak resistance. It has tested the resistance multiple time and has continued to make higher lows. Now we just need to wait for the stock to exit the hiccup and give a breakout.
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Rising Wedge Pattern for Axis BankRising Wedge Pattern is prominent on the Axis bank chart and can bring the stock down to the previous level of 333 again.
AxisBankBuy AxisBank using three Trend lines yellow, green and red trend lines . Buy at 441.80 price .Target of 489 around 10% . Stop Loss is the red line around 1.39% @ If it starts breaking the red trend line . You can also take a Short Position . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 1.39 % there is an upside of 10%
AXISBANK- LONG (Positional)My Long trade on Axisbank is active (its a positional trade for a week or maybe more)
Entered 1 Lot in FUT when spot CMP was 536.5 (Present CMP is 536.5-536.7)
SL is below 530.7 (6 Points)
TGTs: 460/475/500
This was discussed in the video I had posted yesterday on my views.
Everything is in the video on why I carried out the trade. Please check.
Link: www.youtube.com
Positional: BUY Axis Bank above 450, SL 444 Target 458,462+BUY Axis Bank above 450, SL 444 Target 458,462+
Axis Bank : Triangle Breakout Next banking stock to start its run .
Watchout for the closing ....10-15% run possible
Call OI in Axis Bank
1,329,600 420
1,388,400 440
1,558,800 450
1,813,200 460
Any closing above 460 today will trigger short covering.
Axis Bank on a strong Trajectory !Axis bank seems to be on good strong trajectory after it has recently filled up the downfall in lesser than the duration of the fall. The recovery not only showed the strength but also builds confidence that the stocks fails to move down even the big red candle with high volume. Stock was able to lift the price beyond it and now is trading in range bound fashion with rising triangle type patter on daily. However the important thing is that we see good volume with price rise and POC being a crucial level which the price tested and respected. Stay tuned to witness the spurt.
Axis Bank Intraday view and levels for 5th of Jun 2020 #axisbankAxis Bank Intraday view and levels for 5th of Jun 2020
#axisbank #axisbanklevels #intradayaxisbanklevels #intradaylivetrading
OBV BULLISH DIVERGENCE ON AXIS BANK CHARTOBV or on balance volume indicator is used for technical analysis to measure buying and selling pressure.
- Bullish OBV Divergence occurs when price declines but OBV advances. ..
AXISBANK is making a Triangle Pattern A breakout in either direction can be anticipated soon. Please keep a check of price action and accordingly take bets.
AXISBANK - GO SHORT @ 453 WITH A GREAT RR BY 16 JULYAXISBANK - GO SHORT @ 453 WITH A SL OF 491 AND A TARGET OF 335. TARGET SHOULD BE ACHIEVED BY 16 JULY 2020
