AXISBANK ( DAILY) - Cup and Handle BreakoutAXISBANK ( DAILY) (STOCH > 25 and 75 )
Formation of cup as on 4th Sept 2020 till 9th Oct 2020
Possible formation of handle till 9 day EMA
Buy above high of 473.5 ie high of 4th Sept 2020
Trend line breakout also present drawn from 1st of Sept till 9th Oct 2020
Target height of trend line 503.4
OR
Target height of cup for Rs.65 move
OR
Target 2*ATR for Rs.33 move
9 day EMA > 21 day EMA > 50 day MA
RSI > 60
Volume > AVG
AXISBANK trade ideas
AXIS BANK 1HRBearish shark ..Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
AXIS BANK (NSE) - Elliott wave analysis Welcome guys,
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Axis Bank (NSE) - It dropped in double zigzag from last major top as shown in chart. Then it start moving up within zigzag too. there is two possible probability - (1) is either it will go higher by subdividing the C wave as extension OR (2) is it will go down as the part of correction down further. So there is a common small downward price action. So wait for more price action to get further direction of the trend. Probably price will go down up to 435 from top 445.40 as the common price correction in both option.
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AXISBANK -15 MINUTE - LONGinthe last trading session we can see the axis bank stock has moved around 12.60 rs.
today we are going to see where the stock is headed in the coming days.
based on the current trend setting up , the stock is expected to come down to 411.50 which is a support level and then move to 419 level which is our resistance level .
AXIS BANKTHIS ONE IS AGAIN TESTING THOSE LEVELS OF 400, IF IT HOLD THEN CAN LEAD TO 412, 421 AND 428
ELSE ON DOWNSIDE 390, 384, 375, 370
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
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Axis Bank Bear Pennant Breakdown and TargetsAxis Bank has formed a Bearish pattern after a selloff from 533 to 525.
Stock is on the verge of Breakdown. Currently trading at 442 levels which is very important to hold.
Target if Pattern works are 425, 415 and 404.
Pattern invalid if daily closes above 455 levels.
elliott wave analysis of Axis BankDISCLAIMER: There is no guarantee of profits or no exceptions from losses.
The technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.