AXISBANK trade ideas
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.
Axis break its bearish structure Only for educational purposes Axis broke its bearish structure from
2019 it will retest and move up to 900..
If result comes good no coming down
AXIS Bank price actionAxis bank seems to come out of the box with volume , stop loss for box strategy 604 , strong support at 636 . Target above 711 and beyond.
Axis Bank The study is purely based on Support & Resistance (Longer-term). Expected Breakout level - 640.
Check all other indicators and parameters before you buy the stock or trade them. This post is solely for educational purposes.
AXISBANK Gives Fresh BreakoutAs I Mentioned in Previous Idea, The Breakout is in Bought Side.
AXISBANK Gives Breakout of Level 640 with Good Volume.
So, AXISBANK Should be Bought After Retracement.
weekly hammerhammer is considered to be as support for going upside on stock.
here it forming weekly hammer which is considered more strong
so accumulate axis bank for upside tgt of 640, 657, 678
sl 533
be patient and invested and trade only with emotion free money
AXISBANK Should be LONG OR SHORT ABOVE/BELOW LEVELSOn My View, AXISBANK Should be Bullish, Because BANKNIFTY is Super Bullish.
AXISBANK Should be LONG Above 641 Level on Closing Basis.
OR
AXISBANK Should be SHORT Below 594 Level on Closing Basis.
