AXISBANK is at resistance and forming 4 tops if it break up side go bullish and get good target i am not suggesting to go short on axis bank
Facts that Supports upward movement : - i) High Volume and Inverted H& S pattern on verge of breakout ii) Increase in earnings iii) Decrease in Gross & Net NPAs. iv) Target 900-920 suggested by brokerage houses. v) FPI/FII increased holding from 51.02 to 51.43% in March 2021 qtr. vi) Reduction in covid cases and normalisation in situation. Facts against upward...
WEdge breakout and so expecting this move eventually. Chk it out. Lets see the outcome
breakout from previous resistance zone. averages are also supporting
Axisbank looking in Bullish impulse started One can go Long now or in dips with stoploss of 704 All the key levels are mentioned in chart with Stop-loss and Targets. Head and Shoulder Pattern Neckline Breakout Impulse Started Macd in daily time frame positive and Uptick Macd in hourly time frame positive and Uptick Rsi in daily at 59 along with Uptick Rsi...
Axis bank last week has given a breakout and again came for testing the trendline. Today share opens below the major support and the Bulls taken control of their territory and pushed up the price and close above the trendline with high volume. I have given other observations and studies on the chart. kindly refer.
On My View, AXISBANK Should be Bullish, Because BANKNIFTY is Super Bullish. AXISBANK Should be LONG Above 641 Level on Closing Basis. OR AXISBANK Should be SHORT Below 594 Level on Closing Basis.
axisbank upside target we can see with quick upside move
As you can see the daily chart of Axis Bank you can see the bullish flag pattern and it's breakout level above 620. One can buy Axis Bank above 620 with SL at 590 and Target should be 675-700. SL on closing basis.
inthe last trading session we can see the axis bank stock has moved around 12.60 rs. today we are going to see where the stock is headed in the coming days. based on the current trend setting up , the stock is expected to come down to 411.50 which is a support level and then move to 419 level which is our resistance level .
Go Long in AXIS BANK 430-450 for a Stop Loss at 412 and Target will 480-485 followed by 520-530
NSE:AXISBANK SEEMS AXIS WILL RETRACE TO 500 ODD LEVELS BEFORE HITTING 525/536 WILL LOOK TO ADD TO PULLBACK AROUND 500 LEVELS VIEWS INVITED THANKS
BUY CE 450 if crosses 447.75 TGT 450.95
The stock is showing increase in MFI also seems to be coming out of Consolidation Zone. price has shown a good retracement ( consolidation ) in 420-430 zone. Setup: 1. Intraday setup : buy at 440 -> tgt 450 2.Positional setup: buy at 440 -> 450 -> 462 -> 470 -> 476 3. Option strategy: Sell ( 390 PE + 400 PE + 410 PE ) + BUY 370 PE * 3
Buy 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%