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AXISBANK

AXIS BANK BEARISH SEQUENCEAccording to wave analysis, financial markets move in a pattern of five waves in the direction of the larger trend, followed by three waves in a correction of the trend. The five-wave movement is called an impulse wave, while the three-wave movement is called a corrective wave. In the case of Axis Bank, the completion of five waves of (A) and three waves of (B) suggests that the focus has now shifted to wave (C), which is currently in progress. The completion of wave (C) would mark the completion of the entire pattern, and traders and investors would then look for potential reversal or continuation signals in the price action. As of now, wave 1 of (C) is currently underway, and it will be interesting to see how the price action unfolds in the coming days and weeks. Traders and investors will likely monitor the progress of wave (C) closely to identify potential trading opportunities and manage their risk effectively. Regards
NSE:AXISBANKShort
by imkhushal
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
NSE:AXISBANK
by Tradegainer
2
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. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NSE:AXISBANKShort
by Rockqet
DAILY TIME FRAME - AXISBANKThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:AXISBANKShort
by Tradelikemee
2