AXB trade ideas
AXIS BANK 30MNBULLISH BAT
Price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
AXISBANK.....Long above 435AXIS Bank forming cypher pattern....confirmation is awaited....
Once this stock will move above 435...it will enter in channels (accumulation) and will move towards 460 zone....
Lets see how stock behave within these 2-3 days
But long above 435 only....
AXIS BANK TOUCHED DEMAND ZONE TODAY DYNAMIC SUPPORT LINE MAY RTRAXIS BANK TOUCHED DEMAND ZONE TODAY DYNAMIC SUPPORT LINE MAY RETRACE
AxisBank - IntradayMultiple harmonics pattern converging in the same range.
Short in the range 490 - 495
SL 507
Potential Target 480,473,467
Highest OI at this moment on upside is 500 CE followed by 480 CE
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
AXIS bank : Triangle correction/ Range Bound.AXIS:
* In process of wave ((4)).
* Could be a triangle or flat correction.
It may retest 350 if it is flat correction.
It will be in range bound of 400-480 if it is a
Triangle.
* Buy Happens only above 480. Above 480 we may see the range of 560-590.
Below 400 we may see 330 and even more.
AXIS BANK-Only if it comes to 400 Split your Entries in BUY...Market Commentary:
LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
My style of trading is different from others and I WONT PLACE A STOP...but ALL MY TRADES ARE UNDER MONEY MANAGEMENT ACCORDING TO MY ACCOUNT SIZE...i wont close the trades even in the BIG NEWS EVENTS OR SCHEDULED NEWS TOO...i am technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned past are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...
Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Triangle pattern in AXIS BANKAs per my analysis, it is clear that buying options are available once the price crosses 485 i.e breakout
If a breakdown happens, One can short at below 440 and can keep the target as 420.
Please provide your valuable inputs on this... Which helps me correct my perspective if needed.
Note: This is not a call.. Just for educational purpose.
Axis Bank - Buy above 586 for short termAxis bank has left its resistance zone and closed above the trend line.
Shortes tried to drag it down but Bulls gave all the push and took it all the way on 22nd July.
Volume suggests that bull run for this stock has started and there will be a rally above 586.
Buy this on 23rd July for intraday. Hold and go long if ends above 586.
Axis Bank from 17 July 2020The stock is showing increase in MFI also seems to be coming out of Consolidation Zone.
price has shown a good retracement ( consolidation ) in 420-430 zone.
Setup:
1. Intraday setup :
buy at 440 -> tgt 450
2.Positional setup:
buy at 440 -> 450 -> 462 -> 470 -> 476
3. Option strategy:
Sell ( 390 PE + 400 PE + 410 PE ) + BUY 370 PE * 3
AXISBANK - GO SHORT @ 474 FOR A GREAT RRAXISBANK - GI SHORT @ 474 WITH A SL OF 520 AND A TARGET OF 336. TARGET SHOULD BE ACHIEVED BY 18 AUGUST
Axis Bank a path to Weak Resistance and Breakout Axis bank is to face near term weak resistance. It has tested the resistance multiple time and has continued to make higher lows. Now we just need to wait for the stock to exit the hiccup and give a breakout.
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