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
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.
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 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
