AXISBANK trade ideas
AXISBANK ANALYSISThis is for someone who loves to trade the market structure
CMP: 787.40
Uptrend on shorter time frame followed by a pullback and now we have a good consolidation between 780-790
If 790 is broken and it sustains then
Upside Target: 797-798, 805-806
If 780 is broken and it remains down then
Downside Target: 766-768
Axis Bank at least 20% returnHi All,
Please refer chart for detailed explanation on technical analysis.
Long term investor can keeping buying at support zones.
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Hopefully, this helps you out a little bit. Please make your own research before investing.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
axisbank buy set upwe can see it is forming a harmonic pattern and also double bottomed at long term trendline today, so keeping a stoploss at 655 which is today low a long can be initiated for 700, 720 . 720 is becoming half yearly pivot so it showed resistance, hopefully this time it might cross over 720.
caution, expiry week trade wisely.
Axis Bank (Long)Axis bank Good volume seen
Broken and trading above 200 EMA on daily chart
Double bottom made (W pattern)
took support near 700
Buy near 715 - 720
TGT 750 -776 - 800 - 820 - 850
SL 700
BO above 750 .... which will take it to 850+
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
Axis Bank - When to enter?Axis Bank
Down trend
RSI - 55
Below its 50 SMA Levels
Safe Traders to Enter only once it cross 731 Levels
Expected a downfall and Support Levels are Highlighted in Green & Expected to see a Bounce back at those levels
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