Positional: BUY Axis Bank above 450, SL 444 Target 458,462+BUY Axis Bank above 450, SL 444 Target 458,462+
AXISBANK
Axis Bank : Triangle Breakout Next banking stock to start its run .
Watchout for the closing ....10-15% run possible
Call OI in Axis Bank
1,329,600 420
1,388,400 440
1,558,800 450
1,813,200 460
Any closing above 460 today will trigger short covering.
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.
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
Axis Bank in Congestion ZoneNSE:AXISBANK a breakout from the conjestion zone, will take it out of the downtrend channel & put it in the uptrend channel
AXIS BANK TRADE SETUPAXIS is in trangle pattern in Daily and also in one hour chart. It will be good bet for intraday as well. The price movements are given in Telleegraam chaaneell UG MARKET.
Bearish trend is been identified on Axis Bank for 25th Jun 2020Axis Bank potential trend reversal is identified...
AXISBANK LONG PARALLEL PATTERNHi,
Axis Bank stock chart..3 more parrallel channel found..
I separated all parallel lines..
we should check every parallel channel for break out...
IF 1 ST CHANNEL BREAK,, TAKE BUY ENTRY..
TARGET 682
STOP LOSS 295
WAIT FOR ENTRY...
AXISBANK touched the resistance at 384, Now expect the fallAXISBANK has recently touched the mirror level of 384
Now, the down move had begun
I had added a short, If got more opportunity I will add more shorts at better price
If market open above and starting moving down, more shorts
Target will be 365 for short term, intraday
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.
