Axis bank multi year breakout and retestAxis bank Chart is recently breakout from multiyear resistance. and retestead that level also
Entry: near cmp
Stop loss: if close below 820
Target : as per your risk/reward ratio
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning
Eat🍜 Sleep😴 Job & swing Trade📈 Repeat🔁
Happy learning with Earning. Cheers!🥂
AXISBANK
Why one should add longs/invest in banknifty!!The banknifty has exited its rectangle channel pattern at the end of a volatile week.
After today's amazing run, especially in PSUs, one might add long by keeping the SL of 42800 in the Banknifty.
A strong surge is expected in the next few days because all the good and large banks are supporting this movement.
Bankbees can be purchased to ride the rally🚀. (Recommended)
One can choose to go with options and futures as well, but the risk is also very big there, so one needs to prioritise safety first.
Don't forget to follow;)
Follow for your learnings✌️
AXIS BANK Short Opportunity 30MTF based on 3 simple indicatorsIndicators: Bollinger bands, 200EMA and RSI
Trade Conviction:
RSI strength is decreasing
IF price breaks down 5 days average price then only we can see good down move
Dear traders, I have identified chart levels based on my analysis,
major support & resistance levels. Please note that I am not a SEBI
registered member. Information shared by me here for educational
purpose only. Please don’t trust me or anyone for trading/investment
purpose as it may lead to financial losses. Focus on learning,
how to fish, trust on your own trading skills and please do consult your
financial advisor before trading.
Please do review, analyse and share your comments as well.
Let us work and win together. Wish you a very happy, healthy & profitable trading day ahead!
Disclaimer: I have analysed the data based on my limited knowledge.
I am not a SEBI registered member. Information shared here for educational purpose.
Please don’t trust me for trading as it may lead to financial losses.
Please consult your financial advisor before trading.
AXISBANK- 240 MINS TIMEFRAMEHi there,
The 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
Marching towards All Time High & fall shown possible strengths.Axis Bank took solid support around 710 ( support treandline from 2015 and it got broke nly 2 out of ~10 instances and those 2 are Mar'20, apr-may'22).
Stated reversing towards resistance trendline around 830 (ATH) with next levels as 770,830 in 4-6 weeks once break above with volumes then rallycango till 1000 or if rejected at resistance then 770, 730 levels are. Key.
Positive side due to the stock did fall around 10% but took support on longest trendline.
Note: This is the educational purpose and not for recommendations at all.
Axis Bank Wave AnalysisAxis Bank was in very complex corrective five wave of expanding triple three pattern which is completing it at 742-730 price levels and from there the wave 3 will start for the target towards 923-995 and 1100 for coming months.See the price patterns and the levels in the chart.
BANK NIFTY VERY DETAILED ANALYSIS!!"when nifty is top, everything should be on top, when nifty crashes, the market crashes".
everything on chart is explained about the trend lines with different colours.
recently, bank nifty gave a good bull, and now a small correction it has faced.
ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and yet not completed there impulsive move. so this 5th wave will also act as a support to move those companies who are still lagging behind to complete there bull run. now if nifty50 falls, then such companies will not get a space to continue there movement, and such a thing has a very less probability to happen.
ANALYSIS ON BANK NIFTY AND ITS STOCKS: hdfc has to rise a lot, and icici has to correct in a good manner. this match will make the bank nifty to hold its position, and make it stable.
1. hdfc has a weightage of 26% in bank nifty and has to rise about 20%
2. icici has a weightage of 24% in bank nifty and has to correct about 12%
3. axis and kotak are in there trend lines, but will reach its top supporting the bank nifty.
so this 3 matches will make the bank nifty to stay within the range of (42200-38200)
i will post the same analysis in other bank with bank nifty posts too.
currently i am short on icici bank and bullish on hdfc.
UPDATE ON BANK NIFTY, ICICI AND HDFC BANK along with NIFTY 50!recently, bank nifty gave a good bull, and now a small correction it has faced.
ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon on Tuesday or Wednesday around. this impulsive movement will basically come from PHARMA AND IT sector. but there are even some large cap stock which are slow in nature and yet not completed there impulsive move. so this 5th wave will also act as a support to move those companies who are still lagging behind to complete there bull run. now if nifty50 falls, then such companies will not get a space to continue there movement, and such a thing has a very less probability to happen.
ANALYSIS ON BANK NIFTY AND ITS STOCKS: hdfc has to rise a lot, and icici has to correct in a good manner. this match will make the bank nifty to hold its position, and make it stable.
1. hdfc has a weightage of 26% in bank nifty and has to rise about 20%
2. icici has a weightage of 24% in bank nifty and has to correct about 12%
3. axis and kotak are in there trend lines, but will reach its top supporting the bank nifty.
so this 3 matches will make the bank nifty to stay within the range of (42200-38200)
i will post the same analysis in other bank with bank nifty posts too.
currently i am short on icici bank and bullish on hdfc.
AXISBANK Retracement AXISBANK as per 50 ema crossed above 100 ema and 100 ema crossed above 200 ema so as per technical indicators axisbank in uptrend and as per priceaction it is giving only retracement and it will fly in upcoming days like #icicibank #sbin my opinion to hold the position and stay tuned
if you found helpful so please like
thank you
study purpose only