INVERSE HEAD & SHOULDERAXISBANK fut broke out of inverse head & shoulder pattern on an hourly charts with decent OI. Risk:Reward = 1:2.5 Could be bought with mentioned stoploss & target.Longby TORTOISE_MSUpdated 1
Should I buy Axis Bank in FNO for positional trade?It is said that RSI has the power to fool you... There is a bearish divergence in the daily chart of Axis Bank Fut but if you notice, RSI has gone up tin the overbought zone multiple times but hasn't broken the 30 mark on the downside. RSI basically indicates strength and it not breaking the oversold range at 30 means that the stock has strength and that the divergence may be false. Secondly, the candles are trading comfortably above 21 and 50 EMA which is again a buy signal. Now, let's talk about Fibonacci retracement. The stock in in an uptrend and there was a retracement as expected. The prices went down and took support at 0.382 (1092.95) and bounced right back up and easily crossed not only 0.50 (1122.50) and 0.618 (1152.05) but looks like it is holding strong above it. Now, if this continues, the upside can easily be around 1247.70 and 1315.80 but then there is selling pressure as well so I will watch the support at 1122.50 which is the 0.50 level because 50 EMA stands above it at 1169.93.Longby travellingtradermumbai0
E SAALA CUP NAAM DEAxisbank fut made cup n handle pattern on an hourly chart with decrease in OI suggesting shortcovering. Risk:Reward = 1:2 Could be bought with mentioned stoploss & target.Longby TORTOISE_MS770
shor term call---- sell axis bank1038@--1040 sl 1049 tgt 1028-short term call---- sell axis bank1038@--1040 sl 1049 tgt 1028--1018=== last buy was rocked looking profit booking @ higher price soonShortby kailashcfa332
Bank nifty 🐻Bank nifty forming a ascending channel pattern consider as a bearish pattern. . . . . DYOR Shortby vishalsapkall2
Axis Bank Axis Bank broke the trend line and retesting the trend line after the retest it may pump. . . . . DYOR!!!Longby vishalsapkallUpdated 1
AXIS BANK Short Opportunity 30MTF based on 3 simple indicatorsIndicators: Bollinger bands, 200EMA and RSI Trade Conviction: RSI strength is decreasing IF price breaks down 5 days average price then only we can see good down move Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. Please do review, analyse and share your comments as well. Let us work and win together. Wish you a very happy, healthy & profitable trading day ahead! Disclaimer: I have analysed the data based on my limited knowledge. I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me for trading as it may lead to financial losses. Please consult your financial advisor before trading.Shortby mdferoz1119030
Axis 50 SMA, Strong Result profit bookingExtremely Bullish, stock at 50 SMA, and near daily trendline support. Stop loss at trendline. Upside initial target 818 Longby sabby_bhatia1
AXIS BANK SHORT TERM LONG TRADE AXIS BANK IS A GOOD BUY AT CMP. BUT DO TAKE CHECK YOU RISK REWARD BEFORE ENTERING. LEVELS ARE MARKED ON THE CHART ONLY DO CHECK.Longby Blazzingbulls1
Long Axisbank Based on Gartley Pattern completion in 15M TF.Long Axisbank Based on Gartley Pattern completion in 15M TF. Targets and stops are as mentioned in the chart.Longby naveen99631430
Axis Bank ready for ShortAxis Bank price getting rejected from resistance zone again and again. Now ready for short below 687 with target of 640-635.Shortby IPSG110