Giving 2nd opportunity to initiate Long Refer the chart for detailed analysis.........................
AXISBANK trade ideas
#AXIS BANK (Monthly Pattern Breakout)The stock was in channel pattern for quite long time which it breaks in the recent sessions. The price is currently retracing ,and provide us a good longing opportunity on the pull backs. The price can Retrace upto @840 and even can go for deeper pullbacks @810.
AXIS bank previously posted analysis In previous post of axis bank posted that axis bank tries to break channel and today it broke
Axis Bank Double top and shooting Star Double Top + Shooting Star
919.95 SL
900.85 Second bearish candle low
1:1 target 881.75
Chart of the week. Axis Bank.Last week Axis bank gave a breakout above its all time high after very good results and the management commentary. Since May 19 the stock was continuously taking resistance at 826. This week and last week, the stock managed to get closing above it. As this company is fundamentally very good it is the right time to invest into the stock for long term. One can enter 50% at this price and rest 50% can be added around 840-860 levels. The targets are calculated as per Fibonacci. However, these are basic targets. Long term investor can see magic in this stock in future.
CMP - 903 (29/10/22) W
T - 955, 1160, 1370 W
SL - 820 W
View - Medium to Long term (2 years minimum)
INTRADAY AXISBANK IN 5MIN TF31/10/2022
LONG SIDE
INTRADAY(5MIN)
AXISBANK
Trendline breakout in 5MIN TF taking support from support line retest happened in 5min tf bullish structure(Higher Highs and Higher Low)marubozu formation in 5min tf
ENTRY-904.7
SL-902.3
TARGET-909.5
R:R-1:2
MOVE-0.53%
Axis bank sharp sell off will happen Axis bank is just about to Crack sharply , traveling in channel for long period but on top it seems tired so look for sell
AXIS BANK LOOKS GOOD FOR SHORT TERM.Axis bank looks good for short term, earnings came up with +ve also it has given a strong BO. from cmp we can aim for two targets.
AXIS SWING TRADE OPPORTUNITYWe can clearly see an inverted HNS and trend-based Fibonacci extension
NSE:AXISBANK
Axis bank leading to All time HighNSE:AXISBANK
Good Support at 816
Wait for result on 20 oct 2022 and can take position.
PS: Please do your own analysis before the taking any position
AXIS Bank Swing High Break*AXIS Bank*
Time Frame: Daily
Observation:
* Swing High Break
* Base Formation At 721 742
* Mean (EMA) Diversion on Daily Time Frame
Resistance/Target: 909 1025 1141 1214
Support 772 720
#Axis BankShot levels respected twice and gave decent gains.
Two days same levels worked as resistance and finally moved up.
Neutral view for now
axis bank wreak out on weekly time frameBullish on the weekly time frame after rejection from the top.
Axis Bank 5th is confirm.....Hi,
Thanks to Piyush Bhai giving me the spot light towards Axis bank . 5 is confirm and A,B also confirm may be we can plan for C . Stay tuned for further update
AXISBANK- 240 MINS TIMEFRAMEHi there,
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Marching towards All Time High & fall shown possible strengths.Axis Bank took solid support around 710 ( support treandline from 2015 and it got broke nly 2 out of ~10 instances and those 2 are Mar'20, apr-may'22).
Stated reversing towards resistance trendline around 830 (ATH) with next levels as 770,830 in 4-6 weeks once break above with volumes then rallycango till 1000 or if rejected at resistance then 770, 730 levels are. Key.
Positive side due to the stock did fall around 10% but took support on longest trendline.
Note: This is the educational purpose and not for recommendations at all.
Axis Bank Wave AnalysisAxis Bank was in very complex corrective five wave of expanding triple three pattern which is completing it at 742-730 price levels and from there the wave 3 will start for the target towards 923-995 and 1100 for coming months.See the price patterns and the levels in the chart.
Axis Bank breck out Good trand line break out, re testing the support area . Higher time frame resistance .
Axis bankAxis bank making a good price action on day timeframe but Can't go long because global sentiments are negaitve may it can consolidate here
My view on Axis bankAxis bank being ready to trendline breakout
Above 816.50
TGT looking 820-825-830++ in very short term.
We are keeping on radar Axis bank 820 CE
