AXISBANK
Axis bank ascending triangle in 4 hour chartAxis bank ascending triangle in 4 hpur chart final level for downside is 402 if main tained then 560+
inverted Head & sholder bullish pattern on AXIS BANK inverted Head & sholder bullish pattern on AXIS BANK wait for bullish entry signal
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.
Follow us on Twitter for more instant updates.
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.
