Hi there, The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Axis bank is one fo the weeker banks today in the BankNifty pack. It is in the support area but the buy orders at support area were not sufficient to push the price higher. We can go long after the first 5 minute candle close above 730. We can go short after the first 5 minute candle close below 721
Long Above - 710.15, T1 - 735, T2 - 763.75, T3 - 783.85, T4 - 804.45, T5 - 836.40, T6 - 871.15, T7 - 891........ SL - 685 Short Below - 684.80, T1 - 671.30, T2 - 658.65, T3 - 631.85, T4 - 623.15, T5 - 590.55, T6 - 570.45, T7 - 550.10..... SL - 705
Buy AXISBANK @/above 702 Intraday/Short term Target 735 Stop Loss 696 Profit approx. 5% Medium term Target 816 Stop Loss 671-665/below Profit approx. 16%
I am bullish in Axis bank with present levels mentioned in charts , with target of 666.70 . Note- Not a trading or investment advise. Always consult your broker or financial expert before trading or investment decisions.
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.
Falling wedge pattern has been broken by a strong bullish candle in Axis bank in 30 mins TF. Wait for Re-test and buy between 720 - 722 and Target price is as mentioned on the chart. This is my view and for educational purpose only.
Dear Friends, I will not explain much here as everything has been explained in the chart, so read the chart well and wait for the resistance area to be taken out before initiating fresh long entry. All the best !!! Your feedback is most appreciated.
Can go long in Axis Bank with strick sl 670 target 950 till April 2022, completing correction on Daily time frame
Currently it is holding 50dma which is a good sign for the bulls as it made a hammer with ignorable upper wick. It has all the potential to achieve above mentioned targets provided it hold 50dma on closing basis.
Axisbank is running for the half yearly corrective WAVE-(B), Inside WAVE-(B) it is forming a zigzag pattern, Wave-A and Wave-B of zigzag pattern is finished. Now it is ready for the Wave-C of zigzag. The minmum target of Wave-C of zigzag will be bear 980, Then it may go for 1150, 1500, 1930 and 2300 respectively in case of extended C Wave. Wave-C will be...
Stock Analysis: AXIS bank has formed the sym triangle pattern, it is good buy around marked demand area with below level as stop loss once it broke the upper level expected to reach the target given on the chart. Let's see. Happy Investing!
Buy Axis Bank Target 🎯 880 because it's recently given breakout .
Axisbank completed a nice symmetrical triangle in wave 4 with all clearly visible subwaves as a,b,c,d,e, and breakout along with good intensity of volume has been done, so now we can presume that wave 5 should have started and can head towards 950 plus in medium term, all other parameters are also supporting this view to go long, all the key levels are mentioned...
AXISBANK is at resistance and forming 4 tops if it break up side go bullish and get good target i am not suggesting to go short on axis bank
Facts that Supports upward movement : - i) High Volume and Inverted H& S pattern on verge of breakout ii) Increase in earnings iii) Decrease in Gross & Net NPAs. iv) Target 900-920 suggested by brokerage houses. v) FPI/FII increased holding from 51.02 to 51.43% in March 2021 qtr. vi) Reduction in covid cases and normalisation in situation. Facts against upward...
WEdge breakout and so expecting this move eventually. Chk it out. Lets see the outcome