Axis Bank ShortAxis Bank Short & then Long Trade
Short Entry
CMP
Target 981
Long Entry 980
Target 1135
Price will enter long term correction after that.
SL 1193
AXISBANK trade ideas
Axis Bank - Support Zone.- The chart is self-explanatory as always.
- We have reached a support zone after dropping 5% today owing to lukewarm results.
- Axis Bank Q3 results: Net profit rises 4% YoY to Rs 6,304 crore, misses estimates
- The 1000 may act as a crucial point.
- Keep an eye on it.
Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
AXIS BANK LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
AXISBANK LevelsSupport Level: This is a price level where a stock tends to find buying interest, causing it to reverse direction or consolidate. It's the "floor" of the stock's price.
Resistance Level: This is a price level where selling interest tends to emerge, preventing the price from rising further. It's the "ceiling" of the stock's price.
Methods to Identify Support and Resistance:
Historical Price Action: Look at the past price chart of Axis Bank and identify areas where the stock has previously reversed or consolidated. These can act as potential support or resistance levels.
Round Numbers: Traders often watch psychological price levels like ₹1000, ₹1200, ₹1500, etc., as they tend to act as support or resistance.
Trendlines: Draw trendlines that connect lows (for support) or highs (for resistance). These can act as dynamic support or resistance levels.
Moving Averages: Simple Moving Averages (SMA) or Exponential Moving Averages (EMA) like the 50-day and 200-day moving averages can serve as support or resistance levels, especially when the stock is trending.
Fibonacci Retracement Levels: Fibonacci levels can help identify possible areas of support and resistance based on key percentages like 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
Volume Analysis: High-volume areas near certain price points can signify strong support or resistance.
If the stock is currently trading at ₹980 and starts trending towards ₹950 without breaking below, then ₹950 becomes a strong support level. Similarly, if the stock faces selling pressure at ₹1050, it could be a resistance level.
AXIS BANK AT TL SUPPORT
Axis Bank is forming a **symmetrical triangle pattern**, and it’s better to wait for a **candle confirmation** at the weekly time frame closing before planning an entry. For a **short-term plan**, can expect a target up to the **resistance level**.
Axis Bank LongAxis Bank
MTF Analysis
Axis BankYearly Demand Breakout 867
Axis Bank 6 Month Demand Breakout 867
Axis BankQtrly Demand BUFL 970
Axis BankMonthly Demand 1045
Axis BankWeekly Demand 1071
Axis BankDaily Demand DMIP & Cap 1037
ENTRY -1 Long 1071
SL 996
RISK 75
Target as per Entry 1234
RR 2
Positional Target 1757
Target Points 163
Recent High 1,340
Axis Bank | Long | Intraday | BTSTAxis Bank has taken a good support from the Monthly S2 Pivot zone and is showing the first sign of buyers stepping in.
Though I'm not Bullish on a larger time frame basis, a relatively quick bullish option buy trade can be taken for target to 1090 level.
AXISBANK KEY LEVELS 16/12/2024**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
AXISBANK--Near Its Demands??This stock is bullish from long term.
we have to look for buying opportunities to continue in the trend.
if we see trendline is acting as support multiple times at bottom side...
on the topside we have dynamic resistance in the form of trendline.
when price takes the support again from the bottom side trendline,
we will go for buying, when price breaks the topside trendline and retest.
we have a lot of liquidity is lies below the trendline on bottom side.
If price takes all the liquidity then an immediate entry is placed at 960 to 920 levels.
Look for buying opportunities in this stock.
AXISBANK KEY LEVELS FOR 12/12/2024//@description
// All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com
// Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work.
**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Axis Bank | Long | SwingAxis Bank is showing bullish tendencies.
It has broken out from a range, re-tested it and now holding that re-test level.
Price is trading above the Monthly, Weekly and Daily Pivots which indicates excellent Bullish signal.
There is all possibility that price will test the 1200 level which is the upper end of the range.
I have taken a long position on Axis Bank.
Axis Bank Ltd view for Intraday 2nd Dec #AXISBANK Axis Bank Ltd view for Intraday 2nd Dec #AXISBANK
Resistance 1150-1155. Watching above 1156 for upside movement...
Support area 1125 Below 1135 ignoring upside momentum for intraday
Support 1125 Watching below 1119 for downside movement...
Resistance area 1150
Above 1135 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Axis Bank: Preparing to Break Resistance – A Rally in the MakingCurrent Price: ₹1,142.40 (+0.29%)
Axis Bank is consolidating near its Golden Retracement Zone (₹1,098 - ₹1,112) after breaking out of its Previous CHoCH Zone (Change of Character). It is also testing a trendline resistance, with potential for a breakout rally toward supply mitigation levels.
Key Levels:
Buy Zone: ₹1,112 - ₹1,143 (Golden Retracement Zone)
Stop Loss: ₹1,098 (on a daily close below the retracement zone)
Target 1: ₹1,280
Target 2: ₹1,303 - ₹1,326 (Supply mitigation zone)
Key Observations:
Golden Retracement Zone: Acts as a strong support for a bounce.
Trendline Breakout: A successful breakout above the resistance line may lead to sustained upward momentum.
Supply Zone: ₹1,303 - ₹1,326 is the next key level to watch for profit booking.
Disclaimer:
This analysis is for educational purposes only and is not financial advice. I am not a SEBI-registered analyst. Please do your own research or consult a financial advisor before making any investment decisions.
Axis Bank | Short | Intraday | Potential Swing HoldAxis Bank has witnessed a clear rejection from the Daily Pivot.
It's already trading below the Monthly Pivot and Weekly Pivot.
A short intraday trade has been initiated for Target till Daily S2 support zone at 1,114.8
If Axis Bank ends up forming an O=H candle by close of trading day today, then a swing short position can be initiated for this month's expiry.
Short target would be 1108 level.
Axis Bank Ltd view for Intraday 21st Nov #AXISBANK Axis Bank Ltd view for Intraday 21st Nov #AXISBANK
Resistance 1150-1155. Watching above 1156 for upside movement...
Support area 1125 Below 1125-1130 ignoring upside momentum for intraday
Support 1125 Watching below 1119 for downside movement...
Resistance area 1150-1155
Above 1140 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Axis Bank Technical Analysis: Cautious Outlook Near Key Support
Axis Bank is currently trading near a crucial support level at approximately ₹1120, significantly below its all-time high of ₹1340. Recent price action within a range of around ₹1133 indicates a period of consolidation.
Bearish Scenario: A decisive break below ₹1120 would be a bearish signal, potentially triggering a further decline towards ₹1080.
Market Context: It's vital to consider the broader market. Both Nifty and Bank Nifty indices are also trading near their support levels, suggesting a potential market-wide rebound. This adds a layer of uncertainty to the Axis Bank outlook.
Bullish Scenario: Conversely, a sustained move above the resistance level of ₹1200 would signal a significant shift in momentum, potentially initiating a rally.
Recommendation: Given the current market dynamics and Axis Bank's proximity to key support, we recommend a cautious approach. Investors should closely monitor price action and volume before making any significant trading decisions. A break above or below the key levels, accompanied by strong volume, would provide greater confirmation of the prevailing trend.
Axis Bank Ltd view for Intraday 18th Nov #AXISBANK Axis Bank Ltd view for Intraday 18th Nov #AXISBANK
Resistance 1150-1155. Watching above 11156 for upside movement...
Support area 1130. Below 1130 ignoring upside momentum for intraday
Support 1130 Watching below 1128 for downside movement...
Resistance area 150-1155
Above 1150 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Axis Bank Ltd view for Intraday 11th Nov #AXISBANK Axis Bank Ltd view for Intraday 11th Nov #AXISBANK
Resistance 1170. Watching above 1173 for upside movement...
Support area 1150 Below 1150 ignoring upside momentum for intraday
Support 1150.Watching below 1147 for downside movement...
Resistance area 1170
Above 1170 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Axis Bank Ltd view for Intraday 8th Nov #AXISBANK Axis Bank Ltd view for Intraday 8th Nov #AXISBANK
Resistance 1170. Watching above 1173 for upside movement...
Support area 1150. Below 1150 ignoring upside momentum for intraday
Support 1150 .Watching below 1150 for downside movement...
Resistance area 1170
Above 1170 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Axis Bank Ltd Ltd for Intraday 31st October #AXISBANK Axis Bank Ltd Ltd for Intraday 31st October #AXISBANK
Resistance 1185. Watching above 1187 for upside movement...
Support area 1170. Below 1170 ignoring upside momentum for intraday
Support 1170 .Watching below 1165 for downside movement...
Resistance area 1185
Above 1185 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Axis Bank Ltd for Intraday 30th October #AXISBANK Axis Bank Ltd for Intraday 30th October #AXISBANK
Resistance 1200. Watching above 1201 for upside movement...
Support area 1170.. Below 1182 ignoring upside momentum for intraday
Support 1170.Watching below 1168 for downside movement...
Resistance area 1200
Above 1280 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Axis Bank Ltd for Intraday 24th October #AXISBANK Axis Bank Ltd for Intraday 24th October #AXISBANK
Resistance 1175. Watching above 1176 for upside movement...
Support area 1150. Below ignoring upside momentum for intraday
Support 1150.Watching below 1149 for downside movement...
Resistance area 1175
Above ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
