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.
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Tradelikemee Academy
AXISBANK trade ideas
AXIS bank BreakOutTrading at 944,
918 was Break out level
RSI above 70 may get a dip and will be fantastic buy for 1000-1050 levels (positionally)
made flag pattern, looks making double flag.
We have seen in past has given fantastic returns again is getting ready for it.
disclaimer- personal views please take advise from your advisor before investing.
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.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning
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Axis Bank- Raring to go up n up and over .......Hi Traders,
Presenting my views on Axis Bank.
The sudden up rally on 20th Oct propelled stock from 839 levels to 870-900 levels to create all time highs, but past few week have seen stock come back to levels of 840-860 to fill the gap as one can see in chart.
With breakout of Inside Bar and stock trading above 855-860 levels in coming days can gather the lost momentum to be back at the top and continue its upward journey.
Growth in life and in stock market is inevitable if investment done in right manner.
Chart of the week. Axis Bank.Last week Axis bank gave a breakout above its all time high after very good results and the management commentary. Since May 19 the stock was continuously taking resistance at 826. This week and last week, the stock managed to get closing above it. As this company is fundamentally very good it is the right time to invest into the stock for long term. One can enter 50% at this price and rest 50% can be added around 840-860 levels. The targets are calculated as per Fibonacci. However, these are basic targets. Long term investor can see magic in this stock in future.
CMP - 903 (29/10/22) W
T - 955, 1160, 1370 W
SL - 820 W
View - Medium to Long term (2 years minimum)