AXIS BANK HAS BROKEN THE RESISTANCE!AXIS BANK has broken the short-term resistance level successfully. A small upmove may be seen from here.
Axisbanklong
View1177 is the level. If 30 min candle closes above 1177 level tomorrow then you can go long in Axis Bank. You can buy Axis bank sept futures or Axisbank 1180 AUG PE. Keep SL at 50% of premium received . Example if you short Put @12 then keep SL @18 and book SL in futures if the Option premium reaches 18.
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
Axis Bank (ticker: AXISBANK) ForecastThe chart provided is a daily candlestick chart for Axis Bank (ticker: AXISBANK) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Daily
- Data Range: From around September 2023 to mid-2024
Price Analysis:
- Current Price: ₹1,174.00
- Price Movement: The stock has shown notable price movements over the period.
- The price had a significant rally from around ₹900 in October 2023 to a high near ₹1,225 in early 2024.
- Post the high, the stock has been in a consolidation phase with a downward trend, forming lower highs and lows.
Technical Patterns and Indicators:
- Descending Channel: The stock price has been moving within a descending channel from the high in early 2024.
- Upper Trendline Resistance: Around ₹1,182
- Lower Trendline Support: Around ₹1,106
- Fibonacci Retracement Level: Applied from the recent swing high to low.
- 0.618 Level: ₹1,152.90
- 0.5 Level: ₹1,143.90
- 1 Level: ₹1,182.05
Key Levels and Future Projections:
- Resistance Levels:
- Immediate Resistance: ₹1,182.05, which aligns with the upper trendline of the descending channel and Fibonacci level.
- Major Resistance: ₹1,228.80, which is close to the previous high.
- Support Levels:
- Immediate Support: Around ₹1,143.90 to ₹1,152.90 (Fibonacci levels).
- Major Support: Around ₹1,106, aligning with the lower trendline of the descending channel.
Trade Setup:
- Bullish Scenario: If the price breaks above the immediate resistance at ₹1,182.05 and sustains above this level, it could potentially move towards the major resistance at ₹1,228.80.
- Bearish Scenario: If the price fails to break above the immediate resistance and moves below the Fibonacci support levels (₹1,143.90 - ₹1,152.90), it might test the lower trendline support around ₹1,106.
Conclusion:
The chart for Axis Bank shows the stock in a consolidation phase within a descending channel following a strong rally. Key levels to watch include the immediate resistance at ₹1,182.05 and the Fibonacci support levels. A breakout above ₹1,182.05 could signal a bullish move towards ₹1,228.80. Conversely, failure to break this resistance and a move below the Fibonacci support levels could indicate a bearish trend towards ₹1,106. Traders should look for a confirmed breakout in either direction to make trading decisions.
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.
E SAALA CUP NAAM DEAxisbank fut made cup n handle pattern on an hourly chart with decrease in OI suggesting shortcovering.
Risk:Reward = 1:2
Could be bought with mentioned stoploss & target.
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--@Resistance ZoneThis stock has reached a resistance zone,
which had previously witnessed a significant decline in value.
There was a prior breakout from a bearish channel,
followed by a retracement to channel and another upward move into the resistance zone.
If consolidation happens at this zone, there is a possibility of a liquidity grab on the upside,
indicating potential for a continuation of the trend after a pullback.
keep safe here.
AXISBANK--Consolidation Breakout ??After a long time consolidation price broken the range....
now we have to look at this, will continue down or gives us retracement to enter short.
consolidation to downside, if it is a trap, the price again continue upside...
keep add this stock for long...
AXIS Bank LongAlthough it depends on the overall market condition still it is a good long-term trade as it is on a weekly frame.
The dotted green line is your target.
Put the stop loss according to your risk management.
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--Bearish view??Observations::
After a strong fall price is not able to break the previous high,
if price breaks low, price fall is observed up to 900 and 895 levels.
previous resistance may again trying to push the price up, if it fails, it falls more.
keep track axis bank for short side.
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.
BUY AXISBANK AROUND 665 TGT 725/780/830 SL BELOW 570 AVG @ 620Currently holding above the 200 and 100 dma and looking to break the resistance line from next week. With the upcoming result session and budget in near sight, good momentum can be expected in the short term with above mentioned entry and exit
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.
AXIS BANK Long ViewNSE:AXISBANK AXIS Bank is at a good level to buy. You can start with small quantity and further increase quantity after a bullish confirmation.
The only downside is the volumes, they are indicating a short position, please trade with proper risk management
This is not a buy/sell advice, do your own analysis and consult your financial advisor before investing in stock market
AXISBANK - Long viewPrice has closed above all EMA making way for an upward movement.
The views presented are of the author and do not represent a trade. Kindly consult your financial advisor before investing.
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
Follow for more Learning
Giving 2nd opportunity to initiate Long Refer the chart for detailed analysis.........................
Axis Bank Double top and shooting Star Double Top + Shooting Star
919.95 SL
900.85 Second bearish candle low
1:1 target 881.75
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
