AXISBANK trade ideas
PRZ @703DISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
Axis Bank - Bullish Bias - Can buy at current levels.Axis Bank - Bullish Bias - Can buy at current levels.
Daily Chart of Axis BankDaily Chart of Axis Bank:
On daily chart the stock is moving in tight range of 60-70 Rs. The stock is holding the support zone of 590-600 levels and facing stiff resistance around the zone of 660-670 levels since the month of November-2019. Break out on either side will decide the further trend in the stock.
0001 Axis BankClassical Chart Pattern: Rectangle
Previous Trend: Bulish
Above: 200 EMA
Remark:
Breakout above 760
Traget 820
Axis Bank OutlookAxis Bank results today if negative then can open up range of 680-670. if results are positive can open range of 735-755
Axis Bank Bullish ViewShark & Alt Shark is being formed in Axis bank.
Chart is shared for educational purpose.
AXISBANKTriangle in one hour, and also its in time wise correction or box correction in daily time frame
Axis Bank Probably Good Short Near Daily Resistance of 752Axis Bank Probably Good Short Near Daily Resistance of 752
#AxisBank Short !? #NSE #BSE #NIFTY50 After 38.2% retracement from recent swing low. Axis Bank is showing #RSI Divergence in Daily Charts . NSE:AXISBANK
The bullish 5 waves finished Expecting 758 to break as b) wave..Market Commentary:
If the trend is upside or in downside i will inform in the chart and there will be a PB can occur and some correction may start so MIND that DONT TRADE THE CORRECTION and what i am expecting the CORRECTION....Wait for the PB ends...and give entry in the trend side...If u r doing the PB and correction u will took loss ....trade only in trend side....
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS.
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count changed or updated. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers.
This is a educational post only...my ambition is to create a awareness to the traders who lose the money and treating like a gambling...this is a pure business and not only buy and sell apart from that we have to fine tune ourselves in various part of trading...cheers once again.
Axis BankAxis Bank on 15 minute chart is a buy with a stop below 715 and for the first target of 735 and 2nd target of 750, once first target is hit then move your stoploss to your cost or conservative traders can book full profit
#AxisBank ShortTerm view*Note:
Yellow Lines: Weekly Support zone 680 to 647 (Max, should not go that much, consider 690 only for now)
Pink Line: Recently acting as support turned into resistance (2 Hrs time frame)
Recently 707 acting as a support breakout of 707 may lead to 697 > 689 > 680 (Strong support)
**Upward trendline broken on weekly basis.
