AXBA trade ideas
axis bank buy ideathis is a monthly chart and december month is just about to start. It can be seen that stock is available at a long term support line. weekly atr is 43 points out of which 7 point is already minus. More 36 points will bring this stock to 619. Around 625-630 a strong will be obtained. But right now further downside will be less possible as we can see a long term trendline support right here. so my view is a buying can be initiated here with stoploss of 740 and target should be 700 which is making it a 1:3 risk reward ratio.
For those who are either trapped up or are interested to invest for a long time it is a good time to add in portfolio.
combined wave analysis of AXIS BANK, HDFC BANK , ICICI BANK comparative study of the three banks which are showing ending diagonal patterns as per the wave theory. this is only for educational purposes. so enjoy
NSE AXIS BANK / AXIS ( WEEKLY CHART ) 20% down from ATH Good time to accumulate for medium term wait for good candle to form or reversal.
Take confirmation from RSI or Huge Volume.
Closing candle below 640 is unlikely.
Moving average is taken on daily basis.
AXSB IN EQUITYSpotted two great buy opportunities
(i) Buy opportunity @~INR705 - the likelihood is derived from the intersection point from two mid-term tunnels which were formed in early 2016 and early 2020, respectively. Why isn't it a ~80-90% likelihood? Because the channel's slope (the one formed in early 2020) is too steep - which is in general not in my favor. Having said that, the power of intersection point should override the skepticism around the steepness of the channel
(ii) Buy opportunity @~INR543 (~30%) - no details
AXIS BANK : CMP 705Can go long in Axis Bank with strick sl 670 target 950 till April 2022, completing correction on Daily time frame
wave analysis of axis bankwave analysis of axis bank for educational purpose, hope you guys like it please comment like and share.
axisbank buy ideathose who have trapped higher can average 25 percent here, fresh buyers can initiate long positions according to the chart with concerned risk reward ratio, caution...stock is performing low, in a downtrend and currently trading below half yearly pivot. trade accordingly.
Axis Bank maybe still in corrective wave 2This Whole move is contained in one channel making me think
that it may be in correction of Wave 2 only and Flat formation fits well
Expecting it to reach around the middle correction channel line of
around 600-625 range for the buying zone
* will wait for the price action there for a perfect Buy
*Trade only when all odds are in favour.
Axis Bank BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals and near swing high.
Axis Bank ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone, 200 EMA, 200 MA & the lower trendline. The target is placed near resistance.
Axis BankMust Correlate yourself on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
axis bank trade setupaxis bank travelling in a rising channel, currently available at the lower line, a buy can be initiated with a stop of 760, stock is struggling to close above 810 in a monthly chart, hopefully this month ending might close above 810.
Axis Bank going with strong breakoutAxis Bank Breaks the neckline of Head and shoulder pattren on daily timeframe. NSE:AXISBANK
AXIS BANK LOOKING BULLISHAxis bank is looking great for a swing trade on a long side . If the market momentum is plosive on index .One can easily look for 25-30 rs profit from current level.
Axis Bank Swing Trade Axis Bank
Entry 785
target 1 820
Target 2 840
Target 3 920
Strong confluence with volume support at 780
Follow for more
Axis Bank Inverted head & shoulders One can go long when price crosses 760 for
1st target 800
2nd target 825
3rd target 850
Axis bank , crossing major resistance.. looks bullishinverse head & shoulder pattern. good results are expected based on ICICI bank.
for education purpose only
Axis Bank Buy Opportunity _H&S Pattern_Hourly CandleAfter Touching Low of 754 Axis Bank showed a very good recovery and Stock is trading at its resistance level.
H&S patten is formed on hourly chart closing above 821 will confirm brekout and one can expect a target of 880 in coming days.
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Happy Trading
