Axis Bank - Ready for next life time highThis stock trades with steady volumes on the bourses in all time frames.
Similarly, it is in the oversold zones of oscillators in average time frames.
The 52W H/L being INR 1,151.85 / 814.25
It is consistently making Higher Highs and Higher Lows.
It is standing around its support level in a rising channel.
LTP on NSE on 06/Feb/2024 was INR 1,053/- (with a high of INR 1,096.20)
It has already reached its demand zone and conservatively even if it falls from the current level to INR 1,000, it will be a good buy INR wherefrom it bounced back to reach its lifetime high.
After all this discussion, I believe the target price should be INR 1,300-1,400.
Stop Loss should be INR 900
Risk to Reward will be 1:4
The time horizon should be 9-12 months
Axisbankanalysis
AXISBANK (Axis Bank Limited) - Swing TradeClosing Price: ₹1,165.25
Change %: 3.49%
Volume: 12,818,081
High: ₹1,169.65
Axis Bank has shown an impressive gain of 3.49%, reaching a high of ₹1,169.65. The substantial volume reinforces the bullish trend, indicating strong buying pressure. Such a breakout performance often precedes further price appreciation, making AXISBANK a strong candidate for a swing trade.
Kindly conduct thorough analysis and consider market conditions before making any trading decisions.
AXISBANK--Trading in Channel this stock is trading in a channel
price is still unable to break the supply zone @1100.
if it tries again then definately sellers again push the price downwards,will observe a fallback below the support levels.
wait for the price to breaks the keylevel, to go for shortside continuation.
keyresistance level and support levels are marked.
trendline is pushing the price upwards, this time if price failed to push the price up, price will test the supports at 960 levels and 930 levels.
AXISBANK--Breakout or Breakdown??Keep in long side until price breaks the trendline...
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I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
AXISBANK--Outlook from 950-830 ??AXIS Bank Outlook::
Strong Supply zone is observed @950 zone
and Strong demand zone is observed @830 zone, keep on sell side from 950 and Buy side from 830-840 zone.
Price is going to enter in consolidation zone...between these 2 levels.
Short Term Bearish view::
950-830 levels..
1st phase Bearish::
from 950-900 is possible..
1st Phase::
Bullish view from 900-930 is also possible::
2nd Phase:: Bearish look
930 level to 860 levels.
3rd phase Bearish look::
910-900 to 830 levels.
3 Phase Bullish From::
860-910 level or 860-900 is possible.
4th phase Bullish from::
830 level to 950+ level..
AXISBANK--Breakout Range (Supply)??Observations::
In my last view about AXISBANK, broken the trendline and continue fall or rise happens.
Now clearly the rise happens from these levels 870.
Resistance @ 935-940 range.
now The stock price is at Supply zone, price is in range from last 1 week, it will not test the supply zone.
consolidation to fake breakout may happens at this level, keep watch this level.
If price breaks 910 range, observe some fall price reach to 850-860 range.
We have a great support lies in the range 850-860 range.
AXISBANK-Resumes Uptrend or Reversal???AXISBANK-Observations:
------>Stock trending upwards
-------> Broken Trendline retest is needed.
-------->If this is a false breakdown the trend will continue moving upwards again.
--------->we have a great supports build at 830-850 levels.
---------> Previous strong demand Zone may act as Resistance and pushes the price towards downside, careful at 905-910 range.
--------->keep on buyside we have a chance to enter long until it breaks 830-850 range.
AXISBANK : Intraday levelsAXISBANK levels marked on chart with daily & H & 15 min chart.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
AXISBANK : Trading at 52week high#AXISBANK good strong breakout after 2 failed attempts
>> If it Retraces, accumulate till safe entry levels
>> If it doesnt Retraces, enter above previous high levels
Targets as per Fibonacci
Good Strength in stock
Take 5-10% and Keep trailling
Keep Learning....Keep Growing....Keep Trading
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Axis Bank Trade Setup Idea for 30 August, 2022Axis bank is one fo the weeker banks today in the BankNifty pack.
It is in the support area but the buy orders at support area were not sufficient to push the price higher.
We can go long after the first 5 minute candle close above 730.
We can go short after the first 5 minute candle close below 721
Axisbank - NEoWaveAxisbank is running for the half yearly corrective WAVE-(B), Inside WAVE-(B) it is forming a zigzag pattern, Wave-A and Wave-B of zigzag pattern is finished. Now it is ready for the Wave-C of zigzag. The minmum target of Wave-C of zigzag will be bear 980, Then it may go for 1150, 1500, 1930 and 2300 respectively in case of extended C Wave. Wave-C will be corrective itself and this all will take time because we are checking half yearly wave chart.
AxisbankAxisbank completed a nice symmetrical triangle in wave 4 with all clearly visible subwaves as a,b,c,d,e, and breakout along with good intensity of volume has been done, so now we can presume that wave 5 should have started and can head towards 950 plus in medium term, all other parameters are also supporting this view to go long, all the key levels are mentioned on chart along with stoploss and targets.
breakout with good intensity of volume in daily
wave structure and key levels
macd in weekly uptick and above zero line
macd in daily positive crossover with uptick and above zero line
rsi in daily uptick and above 60 levels
upper bollinger challenged in daily
dmi adx positive ungali setup in daily
bullish mood is active as per emas in daily
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing.