AXISBANK-Resumes Uptrend or Reversal???AXISBANK-Observations:
------>Stock trending upwards
-------> Broken Trendline retest is needed.
-------->If this is a false breakdown the trend will continue moving upwards again.
--------->we have a great supports build at 830-850 levels.
---------> Previous strong demand Zone may act as Resistance and pushes the price towards downside, careful at 905-910 range.
--------->keep on buyside we have a chance to enter long until it breaks 830-850 range.
AXISBANK trade ideas
AXISBANK - Major Resistance and Range Breakout, Potential TargetAXISBANK has recently experienced a major resistance and range breakout, with a support level at 877. The stock is currently at a retest level of 895-905, with possible targets at 940 and 965.
This stock is definitely one to keep on your radar as there is potential for further upward movement.
AXISBANK (3 APRIL 2023)NSE:AXISBANK
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
DISCLAIMER- We are not a SEBI registered advisor.this is only for educational purpose. before taking trade take advice from your financial advisor.We will not be responsible for your profit and loss.
AXIS BANK Long ViewNSE:AXISBANK AXIS Bank is at a good level to buy. You can start with small quantity and further increase quantity after a bullish confirmation.
The only downside is the volumes, they are indicating a short position, please trade with proper risk management
This is not a buy/sell advice, do your own analysis and consult your financial advisor before investing in stock market
AXIS BANK BEARISH SEQUENCEAccording to wave analysis, financial markets move in a pattern of five waves in the direction of the larger trend, followed by three waves in a correction of the trend. The five-wave movement is called an impulse wave, while the three-wave movement is called a corrective wave.
In the case of Axis Bank, the completion of five waves of (A) and three waves of (B) suggests that the focus has now shifted to wave (C), which is currently in progress. The completion of wave (C) would mark the completion of the entire pattern, and traders and investors would then look for potential reversal or continuation signals in the price action.
As of now, wave 1 of (C) is currently underway, and it will be interesting to see how the price action unfolds in the coming days and weeks. Traders and investors will likely monitor the progress of wave (C) closely to identify potential trading opportunities and manage their risk effectively.
Regards
AXIS BANK LONG POSITION OPPOURTINITY I wanted to share with you my trend analysis for Axis Bank's current trading situation on TradingView. From my analysis, it appears that the stock is approaching a key support area, which could present a potential opportunity for a long position.
As you can see from the chart, AXIS Bank has been in a generally upward trend over the past few months, but it recently encountered some resistance and began to pull back. However, the stock is now approaching a support level that has held up in the past, which suggests that there may be some buying interest at this level.
Based on this analysis, I believe that it could be a good time to consider entering a long position in axis Bank near the support area. Of course, as with any investment, there are always risks involved, so it's important to carefully consider your personal investment goals and risk tolerance before making any decisions.
Overall, I think that AXIS Bank is a strong company with a solid track record, and I feel optimistic about the potential for a profitable investment at this time. Please let me know if you have any questions or concerns, and I'll be happy to help.
AXISBANK Sell on riseAxisbank running on a range of 830 906 - As last time we saw Break down support 908 and fall was till 830...
now fresh normal support 854. hold than bounce else again we will see towards 830.
Major demand Zone 824CB Break than Ready for journey towards 780 724+++
View will be invalid above 906 916 !!!!
AXISBANK : Intraday levelsAXISBANK levels marked on chart with daily & H & 15 min chart.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
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