AXISBANK trade ideas
Axis Bank Ltd (Axisbank - NSE) - Choppy to bearish price actionAxis Bank Ltd (Axisbank - NSE) is in corrective mode. It completed ABC sequence up as predicted in last updates. Now it starts correcting either ABC move, or C wave can extended as two options available in wave counts. As price is under-performer to Nifty, the first option is looks obvious on chart. It is going down in c wave in abc zigzag down of X wave, so can be good sell with stops of 441 as invalidation level for target zone of 395-90.
Axis Bank on a strong Trajectory !Axis bank seems to be on good strong trajectory after it has recently filled up the downfall in lesser than the duration of the fall. The recovery not only showed the strength but also builds confidence that the stocks fails to move down even the big red candle with high volume. Stock was able to lift the price beyond it and now is trading in range bound fashion with rising triangle type patter on daily. However the important thing is that we see good volume with price rise and POC being a crucial level which the price tested and respected. Stay tuned to witness the spurt.
Axis Bank Intraday view and levels for 5th of Jun 2020 #axisbankAxis Bank Intraday view and levels for 5th of Jun 2020
#axisbank #axisbanklevels #intradayaxisbanklevels #intradaylivetrading
OBV BULLISH DIVERGENCE ON AXIS BANK CHARTOBV or on balance volume indicator is used for technical analysis to measure buying and selling pressure.
- Bullish OBV Divergence occurs when price declines but OBV advances. ..
AXISBANK is making a Triangle Pattern A breakout in either direction can be anticipated soon. Please keep a check of price action and accordingly take bets.
Axis Bank to fill the Gaps ?Axis bank seems to cross 30M 200 EMA, we would be watching its intensity to fill the gap.
AXISBANK - GO SHORT @ 453 WITH A GREAT RR BY 16 JULYAXISBANK - GO SHORT @ 453 WITH A SL OF 491 AND A TARGET OF 335. TARGET SHOULD BE ACHIEVED BY 16 JULY 2020
SHORT AXIS BANK ON ANY BOUNCE target is 397AXIS BANK LOOKS WEAK FROM HERE, MIGHT BOUNCE A LITTLE AND THEN FALL TILL 397. BUT DO YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION.
HAHAHAHAHA LET'S GO JAI HIND
ON DAILY CHARTS, AXIS BANK LOOKS LIKE IT MIGHT BREAKOUT ANYTIME THE DARK BLUE LINES ARE TRIANGLE TRENDS, KEEP IN MIND IF IT BREAKS THE DARK BLUE LINE ON UPPER SIDE AND SUSTAINS THEN AXIS WILL RISE VERY FAST. THE RED LINES ARE TARGETS FOR INTRADAY TRADERS WHICH WERE CALCULATED ON 15 MIN TIME FRAME.
FOR A MEDIUM TO LONG TERM TRADER THE TWO TARGETS SHOULD BE 460 AND 485.
HAHAHAHAHA, LET'S GO!! JAI HIND!!
KINDLY DO YOUR OWN ANALYSIS, THE GRAPH LOOKS MESSY.
