AXISBANK (Axis Bank Limited) - Swing TradeClosing Price: ₹1,165.25
Change %: 3.49%
Volume: 12,818,081
High: ₹1,169.65
Axis Bank has shown an impressive gain of 3.49%, reaching a high of ₹1,169.65. The substantial volume reinforces the bullish trend, indicating strong buying pressure. Such a breakout performance often precedes further price appreciation, making AXISBANK a strong candidate for a swing trade.
Kindly conduct thorough analysis and consider market conditions before making any trading decisions.
Axisbankviews
AXISBANK--Breakout Range (Supply)??Observations::
In my last view about AXISBANK, broken the trendline and continue fall or rise happens.
Now clearly the rise happens from these levels 870.
Resistance @ 935-940 range.
now The stock price is at Supply zone, price is in range from last 1 week, it will not test the supply zone.
consolidation to fake breakout may happens at this level, keep watch this level.
If price breaks 910 range, observe some fall price reach to 850-860 range.
We have a great support lies in the range 850-860 range.
AXISBANK : Intraday levelsAXISBANK levels marked on chart with daily & H & 15 min chart.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
Axis Bank Trade Setup Idea for 30 August, 2022Axis bank is one fo the weeker banks today in the BankNifty pack.
It is in the support area but the buy orders at support area were not sufficient to push the price higher.
We can go long after the first 5 minute candle close above 730.
We can go short after the first 5 minute candle close below 721