AXISBANK - A correction downside is a possibility as it seems to have completed 5 waves up. A resistance (trend) line can also be seen which the price has rejected. A downside break opens up opportunities for selling.
there is a very good entry point in axis bank as it has completed it's wave cycle there is a very good chance that it can start a new wave cycle from here and if that is so then axis will not go below 846 on a closing basis so there is a very good risk reward trade here target will be around 910 ,915 not more at this point at time axis chart is similar to nifty...
Looking at the H4 chart, my overall bias for AXISBANK is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 908.00, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 970.00, where the recent swing high is. Take profit will be at 702.30, where the overlap...
Indicators: Bollinger bands, 200EMA and RSI
Trade Conviction:
RSI strength is decreasing
IF price breaks down 5 days average price then only we can see good down move
Dear traders, I have identified chart levels based on my analysis,
major support & resistance levels. Please note that I am not a SEBI
registered member. Information shared by me here for...
The breakout of the wedge is ahead - for both low and high timeframe - but before we break out, Momenter is signalling a rising bearish momentum which would make sense as to finally hit the $11 area which is a strong support - price didn't touch it yet and it would be a pretty good area to long - Keep your eyes on it. If we break out to the upside, 28-30$ is an...
AXIS confirmed its breakout on the support where we will see a further decline in prices on this pair for next few day. The expected target is pointed out on the chart for your reference.
AXIS requires a breakout confirmation on the accumulation zone. The breakout confirms the next possible direction and I have pointed out the minimum targets which can be achieved with the confirmation based on the direction.
More downside risk is increased with the breakout formed on the bearish pennant formed. Here we have a greater chances of revisiting the recent lows formed on the H4 chart with the breakout confirmed.
Axis Banks seems to have topped out. The selling volumes seem to be picking up again similar to it's previous fall.
The support levels are likely to be broken on another retest and the stock may be headed for 450 levels over the coming year.
View stands invalidated on break of highs of 867
Hello trading friends,
Depending on the trend of this moment - AXIE infinity (AXS) is into the important zone for a breakout - and an interesting target could be above the 65 USD +
AXS did make some important changes at the support 40-43 trend - what makes AXS out of the level of breakdown trend.
If there is a coming time green change on market flow - AXS could...
One of the top 3 private banks of a super growing economy.
300 million people still unbanked, demand will only grow.
Also they are front runners in adopting blockchain technology.
Huge land bank and no debt on books, its a great company to invest.
