AXISBANK trade ideas
Axis Bank - Buy above 586 for short termAxis bank has left its resistance zone and closed above the trend line.
Shortes tried to drag it down but Bulls gave all the push and took it all the way on 22nd July.
Volume suggests that bull run for this stock has started and there will be a rally above 586.
Buy this on 23rd July for intraday. Hold and go long if ends above 586.
Axis Bank from 17 July 2020The 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
AXISBANK - GO SHORT @ 474 FOR A GREAT RRAXISBANK - GI SHORT @ 474 WITH A SL OF 520 AND A TARGET OF 336. TARGET SHOULD BE ACHIEVED BY 18 AUGUST
Axis Bank a path to Weak Resistance and Breakout Axis bank is to face near term weak resistance. It has tested the resistance multiple time and has continued to make higher lows. Now we just need to wait for the stock to exit the hiccup and give a breakout.
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Axis Bank - Will move according to market sentimentsAxis bank gave a false breakout on 7th July. One who bought on the breakout must not have considered upper trend line resistance(Red).
Today it has given breakdown by breaking short term trend line(blue) and not it has sitting comfortably on support zone.
If tomorrow(15th July) market sentiments are positive then it will surely move upwards to test 430 levels else if nifty trades in red then it will test 400 level and in the coming days it will fall down till long term trend line(gray).
Rising Wedge Pattern for Axis BankRising Wedge Pattern is prominent on the Axis bank chart and can bring the stock down to the previous level of 333 again.
AxisBankBuy 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%
AXISBANK- LONG (Positional)My Long trade on Axisbank is active (its a positional trade for a week or maybe more)
Entered 1 Lot in FUT when spot CMP was 536.5 (Present CMP is 536.5-536.7)
SL is below 530.7 (6 Points)
TGTs: 460/475/500
This was discussed in the video I had posted yesterday on my views.
Everything is in the video on why I carried out the trade. Please check.
Link: www.youtube.com
Axisbank cooking the flameAxis bank is into consolidation and it seems that another pot hole is to be tasted by the stock.
Long above 486 #Nifty #AxisWeekly resistance at 485 , any long position only after 486 level, good volume support.
Positional: BUY Axis Bank above 450, SL 444 Target 458,462+BUY Axis Bank above 450, SL 444 Target 458,462+
Axis Bank : Triangle Breakout Next banking stock to start its run .
Watchout for the closing ....10-15% run possible
Call OI in Axis Bank
1,329,600 420
1,388,400 440
1,558,800 450
1,813,200 460
Any closing above 460 today will trigger short covering.
