AXISBANK trade ideas
AXISBANK - Trading in a RangeAxisbank - This Range breakout will decide the further trend in the stock.
Go LONG on AXIS BANKAxis Bank looking strong on charts, It is going to hit all time high very soon!
Go long with Stop of 730, Target'1- 800, Target'2-840
Axisbank - Elliott wave analysis - complex correction It is in complex correction, where ABC of Y wave is in progress. Bounce will be a short sell entry for more correction down as C of Y wave. It may possibly go below 680-650 zone.
Plz give a like if you agree with EW count.
Axis Bank - Turning BullishAxis Bank took support at 618--615 and bounce back sharply.
VWAP support around 630.00
Expecting a upside target 750--780 for Feb month.
Trading Strategy for Axis Bank.
+1x 25FEB2021 FUTURES - ₹ 670.00
-2x 25FEB2021 700CE - ₹ 20.15
Breakeven - 630.0-770.0
AXIS Bank, watch out and Go LONG Over the past 2 to 3 months formed got good support at 600 Rs and now facing big reached Big resistance point at 762 to 823. Watch out price at this level. If price sustained at this level, it can breakout to upper side.
AXIS Bank ShortAb=CD and XABCD, FIB Projection and Reversal confirmed.
SL is 800
Tgts are 725 and 700
My Analysis | Provide me insights where I am Wrong ? What I have done and What I believe -->
I have analyzed this chart on the basis of supply-demand and SR lines.
I have used RSI and Parabolic SAR and I am hoping the price will not bounce from the upper level, Because this level of demand served 3-4 as demand level in previous months and most probably it will serve the Demand area Also.
Please tell me where I am wrong and provide me positive feedback.
Breaking Trend lineAxis Bank Analysis:
Breaking about the trend line on weekly basis expecting target 750+
let's see.
Happy Investing!
