AXISBANK trade ideas
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 TRADE SETUP(swing trade)Axis Bank breakout of inverse Head & shoulder on daily time frame.
Breakout the resistance with strong bullish candle forming morning star pattern.
Break Fibonacci 0.618 level(Rs719)
Buy above 735
SL 718
Target 776, 784, 799
AXISBANK 4HRBearish BAT
VERTICAL DOTTED LINE are Ultra high volume up bars -
Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY when RSI is below 70 and with Break of GREEN TREND LINE with low volumes & with NO DEMAND l.e place for short
POTENTIAL SELL
AXIS BANK_BULLISH VIEWXABCD PATTERN ACTIVATED IN AXIS BANK
Point B crossed.
Risk to Reward ratio is very attractive
BUY above 730
TARGET : 780
STOP LOSS : 707
Axis Bank for Axis Bank has been trading in a parallel channel formed after breakout from the falling wedge post reaching all time high of above 826 with a support of 100 DEMA. 697 forms the immediate breakdown support and 715 as the breakout resistance for intraday on 20th May 2021. Buy above 715 and sell below 697.
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 BankImportant levels are marked in chart. build up and trend in long side, dips are to be used for long entry in staggered manner.
AXISBANK 1HR Bearish BAT
VERTICAL DOTTED LINE IS Ultra high volume up bars -
Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY IF Price breaks ULTRA HIGH VOLUME Candle LOW & GREEN TREND LINE with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
Axis bank trading ideasTriangle pattern made may be open for both side but my view downside to 638 target
Intraday Trading idea for Axis bank for 3rd May 2021Intraday Trading idea for Axis bank for 1st May 2021
buy axisbankBULLISH BAT HARMONIC in axis bank. it can retrace till 0.38%-0.50% of CD. view negated below 620 clbs
