AXB trade ideas
AXIXBANK ANALYSISDouble-Bottom Pattern in Daily Time Frame
MT Outlook: Short Covering
CMP:730
Entry above 741
Target: 757
SL below 725
Axis Double Bottom - Looking to go upDouble bottom formed in Axis bank and closed well above the neckline. Hence expected to reach Target 2 i.e 775. Please note that this is for my analysis and sharing for education purpose.
Axis @ 200 EMA on Daily ChartReasons To Buy -
1. Increasing volume on daily basis
2. 200 EMA support
3. Double bottom formation at demand zone
Buy @ 719-721
SL- 706
Target -
T1- 762
T2-812
NSE:AXISBANK
Axis bank looking good for target of 790Buy Axis bank at 680 for the target of 790
Expecting good short coverage in bank nifty
Axisbank 15 min. view As mentioned above, Buy axisbank above 688 as there is a previous resistance, once It will break that resistance, it can go up to target 1 to 3 .
AXISBANK B @ 683 & TARGET @ 690Dear Traders,
AXISBANK B @ 683 & TARGET @ 690
Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target.
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axis bank triangle formationaxis bank forming triangle pattern looking good for buy if close above 676 for target 684 and 694
Bullish in Axis bank at 674.8 , Target 678.80 I am bullish on Axis bank at present level.
Just observing my studies and not a trading or investing advise.
Axis Bank Reversal TradeThe stock has reached the lower trendline and bounced back, therefore it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
AXIS BANK (Long)AXIS Bank Trading Below 200 EMA on Daily chart.
facing Resistance fro 50 EMA on Hourly chart.
fresh resistance line marked in red colour.
Volume is reducing continuously.
Resistance Levels are 684 - 721 - 759 - 792 - 824
Support at 661 - 648
Risky Traders can buy @ 661 keeping Targets as 684 - 721 - 759 - 792 - 824 with SL @ 648
Safe traders to make position only above 721 when retested once, which is also 200 EMA on daily chart.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
Axis bank needs some rest!there is an zone which is shown in the chart. The price reaction should be noticed there.
Notice:
It is not a financial advice
EMT Next Day Up/Down on Axis BankSimple Indicator
If Next day Lines are concentrated as compare to previous day Lines - Move is about to come.
If Next day Lines are concentrated and above the previous day Lines, Up move is expected.
If Next day Lines are concentrated and below the previous day Lines, Down move is expected.
After this you can correlate with chart patterns for its correctness.
This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
wave analysis of tech mahindra I see ending diagonl pattern formation on the stock which denotes sharp reversal and is a very good trading opportunity. enjoy. investment in securities is subject to one's own risk.
AXISBANK - Bearish WolfewaveAxisbank has bearish wolfewave at 1 hour and 2 hr timeframe. close above 722 would be sl
axis bank buy ideathis is a monthly chart and december month is just about to start. It can be seen that stock is available at a long term support line. weekly atr is 43 points out of which 7 point is already minus. More 36 points will bring this stock to 619. Around 625-630 a strong will be obtained. But right now further downside will be less possible as we can see a long term trendline support right here. so my view is a buying can be initiated here with stoploss of 740 and target should be 700 which is making it a 1:3 risk reward ratio.
For those who are either trapped up or are interested to invest for a long time it is a good time to add in portfolio.
combined wave analysis of AXIS BANK, HDFC BANK , ICICI BANK comparative study of the three banks which are showing ending diagonal patterns as per the wave theory. this is only for educational purposes. so enjoy
NSE AXIS BANK / AXIS ( WEEKLY CHART ) 20% down from ATH Good time to accumulate for medium term wait for good candle to form or reversal.
Take confirmation from RSI or Huge Volume.
Closing candle below 640 is unlikely.
Moving average is taken on daily basis.
AXSB IN EQUITYSpotted two great buy opportunities
(i) Buy opportunity @~INR705 - the likelihood is derived from the intersection point from two mid-term tunnels which were formed in early 2016 and early 2020, respectively. Why isn't it a ~80-90% likelihood? Because the channel's slope (the one formed in early 2020) is too steep - which is in general not in my favor. Having said that, the power of intersection point should override the skepticism around the steepness of the channel
(ii) Buy opportunity @~INR543 (~30%) - no details
