AXISBANK trade ideas
#AXISBANKAXIS BANK
Sector: Financials
Industry: Banks
Employees: 61940
Axis Bank Limited (the Bank) provides a suite of corporate and retail banking products. The Bank's segments include Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers. Its Retail Banking constitutes lending to individuals/small businesses and activities include liability products, card services, Internet banking, mobile banking and financial advisory services, among others. Its Corporate/Wholesale Banking includes corporate relationships not included under Retail Banking, corporate advisory services, placements and syndication, project appraisals, capital market related services and cash management services. Its Other Banking Business includes para banking activities, such as third-party product distribution and other banking transactions.
416 SAN. Mini Reflex points for longDisclaimer:
Please consult with your financial adviser before making any trading or investment decision. Set-up provided here is for informational and educational purposes only.
This is not a sell or buy recommendation. We are not responsible for any gain or loss; Consult your financial advisor before your execution of trade.
There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on Static ANalysis (SAN). Many times scenarios does not arise for good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) are required for your entries and exists Always run with SL. WavoZen aims for microtrading, unless specified. Wavozen1 aims to publish real-time entries and exits.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on SAN for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on Real-time Analysis (RT)/ Dynamic ANalysis (DAN) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, Gap-up opening, gap-down opening, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. If there is a deviation in assumed scenario in time, speed and angle and these deviations will not encourages for entry as referred as entry not valid (ENV). Daily post appears on stocktwits.WavoZen. Abbreviations: PT1: Profit taking point 1; PT2 =profit taking point 2; SL: Stoploss point. ENT: Entry not Triggered; ENV: Entry not valid. Weekly Review : WR;
Axis Bank Ltd Technical Analysis Indian Stock Market Axis Bank Ltd Technical Analysis Indian Stock Market
As the third largest private sector bank in one of the worlds fastest-growing economies, Axis Bank offers a wide spectrum of financial solutions to a diverse range of customer segments spanning retail, small and medium enterprises, government and corporate businesses.
Axis intraBearish outlook on broader market
760 is support before Gap
Sell when 760 breaks
SL 771.05
Axisbank Divergence in MACD and StochasticsDivergence is seen in Axibank weekly charts with prices forming higher highs and indicators Oscillators forming lower highs indicating potential topping out. break below 760 could trigger fall to 700. upside resistance at 800-820 in recoveries.
303 SAN. Diver plus Support Plus buy Signal
Disclaimer: Set-up shown here is only for educational purpose only; This is not a sell or buy recommendation. We are not responsible for any gain or loss; Consult your financial advisor before your execution of any recommended trade.
There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on Static ANalysis (SAN). Many times Market does not provides good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)). Always run with SL.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on SAN for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on Real-time Analysis (RT)/ Dynamic ANalysis (DAN) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, Gap-up opening, gap-down opening, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. (ENT= Entry not triggered). If there is a deviation in assumed scenario in time, speed and angle and these deviations will not encourages for entry as referred as entry not valid (ENV). Daily post appears on stocktwits.WavoZen.
AXISBANK is looking weekAXISBANK broke H/S neck level at 802, after nice #distribution. Currently at short term support near 776. Expecting pull back towards b/o area of 802 - 805 for short entry and target of 760. SL would be kept at 824.
Targets: 775, 760, 746
272PA. Correction in progress (3 to 4 days)There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on passive analysis (PA). Many times Market does not provides good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) for your entries and exists (Profit taking point 1 (PT1 or PT2) or Stop loss points (SL)).
Disclaimer: Set-up shown here is only for Educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisor before your execution of any recommended trade.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on passive analysis (PA) or static analysis for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on real-time Active Analysis (AA) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. (ENT= Entry not triggered). Daily post appears on stocktwits.WavoZen.
AxisbankAxisbank Trades using Blue Sky Plus Indicator. Spend less time in doing analysis. Just plain follow the indicator. Message or Comment to get a trial of the indicator.
AXIS BANK (SHORT TO NEUTRAL)Here we can see, Axis Bank formed a bearish divergence on MACD.By which,it has corrected from its all time highs.Currently as per dow theory,Axis bank is making lower low s and lower highs on Daily Chart .We can expect Axis bank to reach at 660-675 levels.However be aware that Axis Bank is in uptrend on weekly chart,it can anytime resume its upward flow.We can think of selling calls above its swing high i.e 792.As per its current IV(which is high as per current market) , we can think of selling calls above 792..i.e 800 strike calls.I recommed to use only 3 percnt of capital.As per LTP of Axis Bank -30-05-2019 800 CE LTP 7.40, we can get 6.43 % gross return on our margin employed. Also,start covering your position at 80% profit(premium decay) or limit your loss if daily candle closes above 779. Rest ,i will update as per its chart i.e when to readjust,when to change our view then what and how to sell.
HAPPY TRADING.
Axis Bank - Short term bearishDescending Triangle on 1H = Bearish
1. SHORT if goes below 758 Target 743 SL 771
2. If on market open it is positive but weak short around 768 Target 743 SL 774
