no one can predict the future, no one.so ignore arrow drawing, focus only at major, support and resistance. take decision nr to support and resistance for the best risk/reward.
AXISBANK trade ideas
Short Axis bankShort Axis bank on basis of Double Top
RSI Negative Divergence.
Stop is mentioned in chart
R:R = 1:1
AXIS BANK: LONGAXIS BANK:
BUY ABOVE 432 - 435 SL 428 TARGET 445
SELL BELOW 420 - 422 SL 430 TARGET 410
PRESENT TREND UP (SHORT COVERING)
AXIS BANK buying opportunitybreaking out trendline with rsi bulish..... NSE:AXISBANK
also breaking channel don't miss opportunity
Axis Bank from 6 June 2020Channel has been broken ... spring entry position also validated .. cup formation expected ..
buy only above next fib level ..with good volume breakout.
Axisbank @ crucial levelsAxisbank 385 Strong bounce back zone.
Below that 375/368 possible...
Strategy... near 375 / 368 buy 400CE
Axis Bank confirms shorting on spot market chartFrom the charts of axis bank we can concluded, the 5-MA average has crossed the 20-MA, and this is an indication of shorting. Provided the RSI Level is below 50, so we can short the shares, and can gain few profit points.
GO LONG AXIS BANKCLEAR BREAK OUTWITH GOOD VOLUME AND TECHNICAL INDICATORS.. 1ST TGT 435 CAN BREACH TO 480 LEVEL
go long with axis bankpure break out with good volume and with other technical indicators..
can breached till 482 level..
Axis Bank from 2 June 2020A very simple idea . stock is breaking the channel with good volume and positive RSI and MACD .
targets has been calculated using fib level.
Axis bank confirms negative divergence, can short your shares!From the chart of 1 hour of Axis bank, and by using RSI, we can confirm that the RSI is taking reversal, which implies from RSI Chart that it is a negative divergence. If RSI Cuts the 56-57 levels, we can short axis bank. We can confirm the shorting with the nifty bank charts as similar patterns are watched on 1 hour chart of Nifty bank, negative divergence. So, wait for confirmation and then trade.
Do support me, and comment if you like the idea. Thank you.
Axis Bank Levels to watchAxis Bank closed at 384.95 and could test it's strong support level 369
Levels to watch
if -GAP UP OPENING ABOVE 389.22 then can see 15 point moment upward
if -GAP DOWN OPEN BELOW 368.09 then can see 10 point moment downward
