AXISBANK LONG INTRADAY 24 MAY,2021Dear trader,
If u look at the chart of AXISBANK (analysis based intraday only) the AXISBANK Buy at 730 and Target at 745
Best Buy at 728.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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AXISBANK
Axisbank Axisbank looking in Bullish impulse started
One can go Long now or in dips with stoploss of 704
All the key levels are mentioned in chart with Stop-loss and Targets.
Head and Shoulder Pattern Neckline Breakout
Impulse Started
Macd in daily time frame positive and Uptick
Macd in hourly time frame positive and Uptick
Rsi in daily at 59 along with Uptick
Rsi in hourly above 60
Upper Bollinger Challenged in Hourly
DMI and adx positive attitude
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Bullish Reversal On Weekly Chart Of Axis Bank.NSE:AXISBANK
Last week (17th May 2021) closing of AXISBANK weekly candle indicating good reversal or one can even say beginning of up move after retracement.
If we get any follow through to this weekly candle even on daily chart its will be good confirmation for AxisBank to be making new lifetime high.
For short term or long term investors AxisBank have good support near 560-530.
As far as targets are concerned I always prefer to use Fib Extension tool when there is no background remain for any stock. And as per Fib Extensions level of 1.618 AXISBANK may reach 1270 within a period of 3-6 months.
Thanks for Reading and sorry there is not much to say in this chart. Its looks too simple.
|| Hari Om ||
AXIS BANK :: BULLISHDATE: 19 MAY 2021
INSTRUMENT: AXISBANK
TREND: BUY
TIME FRAME: day
CMP: 716.80
BUY ABOVE: 725
STOP LOSS: 700
TGT 01: 760
TGT 02: 790
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Axis bank (Make or break levels)As we know rising of Coronavirus cases in India is affecting banking stocks the most.
has a very strong support around 628 to 630 and it just showed sign of reversal. Although with increasing cases of Corona virus can bring to stock down again to 628 levels and provide a shorting opportunity as well.
My Analysis | Provide me insights where I am Wrong ? What I have done and What I believe -->
I have analyzed this chart on the basis of supply-demand and SR lines.
I have used RSI and Parabolic SAR and I am hoping the price will not bounce from the upper level, Because this level of demand served 3-4 as demand level in previous months and most probably it will serve the Demand area Also.
Please tell me where I am wrong and provide me positive feedback.
Axis Bank long -- Strong BullishAxis bank last week has given a breakout and again came for testing the trendline. Today share opens below the major support and the Bulls taken control of their territory and pushed up the price and close above the trendline with high volume. I have given other observations and studies on the chart. kindly refer.
AXIS BANK - Swing Trade SetupHi Traders,
We have spotted a divergence in Axis bank daily chart. Price broke the inner trendline yesterday and price is retesting the trendline. If price close below its confirmed breakout and we can sell till price reach TP 1 or can hold till TP 2, its likely to test the outer trendline.
Happy Trading.....