AXISBANK trade ideas
Axisbank - EW analysis - corrective cycle It started correcting the up move in sideways. ABC zigzag up is in progress, so it will go higher in C wave to finish the upside correction. Buy in small pull back for 685-95 as target zone of C wave.
Axis Bank long -- Strong BullishAxis bank last week has given a breakout and again came for testing the trendline. Today share opens below the major support and the Bulls taken control of their territory and pushed up the price and close above the trendline with high volume. I have given other observations and studies on the chart. kindly refer.
Axis bank looks good to touch 690 againAxis bank looks good to touch 690 again in 2-3 days, can be bought near 662-63 ( add more if comes to 650-52 ) for the target of 690-700. SL below 647.
AXIS BANK - Swing Trade SetupHi Traders,
We have spotted a divergence in Axis bank daily chart. Price broke the inner trendline yesterday and price is retesting the trendline. If price close below its confirmed breakout and we can sell till price reach TP 1 or can hold till TP 2, its likely to test the outer trendline.
Happy Trading.....
Axis Bank AnalysisWe can see stock is moving in the range from last few days.
Breakout expected
Share our view
Axis Bank is at strong support. Axis Bank is at support of ₹640. Also it has support of 200M at 1Hr chart. It is a good buy opportunity to go long with target of ₹660 ( Intraday ) & ₹700 ( Positional ) with stop loss of 10 points.
AXISBANKBULL RUN SEEMS TO BE ENDING FOR THIS STOCK
BUT A CONTRA-TRADE WITH SMALL RR CAN DO WONDERS.
INVALID IF CANDLE CLOSES BELOW 635
AXISBANK LevelsDaily Weekly
>> 1/12
- Lot of room upside, all time high = 828.80
- in Uptrend lately
- Consolidate in the month of December broke out on Jan 5.
Intraday
>>1/12
- if it takes out 685.10 can move up. good room to fill.
- look out for minor consolidation on hourly basis.
- if drops below 649 which was the retracement(38%) low after the rally up, go short.
Axis Bank facing resistance - Correction or Breakout?Axis Bank is facing some resistance at 665 levels. The Down trendline from ATH is doing its thing.
Now, with the bear div and low volume one can bet on the correction in near term.
