The banknifty has exited its rectangle channel pattern at the end of a volatile week. After today's amazing run, especially in PSUs, one might add long by keeping the SL of 42800 in the Banknifty. A strong surge is expected in the next few days because all the good and large banks are supporting this movement. Bankbees can be purchased to ride the rally🚀....
AXIS BANK 908 to 909 is most impotent level is AXIS BANK breakout this point 908 to go up this target 918 and up side clear move NSE:AXISBANK
Fin nifty is moving with taking resistance the trendline, friday we saw the price well respected the trendline and we saw some profit booking, profit booking may continue today as well
Refer the chart for detailed analysis.........................
31/10/2022 LONG SIDE INTRADAY(5MIN) AXISBANK Trendline breakout in 5MIN TF taking support from support line retest happened in 5min tf bullish structure(Higher Highs and Higher Low)marubozu formation in 5min tf ENTRY-904.7 SL-902.3 TARGET-909.5 R:R-1:2 MOVE-0.53%
Axis bank looks good for short term, earnings came up with +ve also it has given a strong BO. from cmp we can aim for two targets.
We can clearly see an inverted HNS and trend-based Fibonacci extension NSE:AXISBANK
NSE:AXISBANK Good Support at 816 Wait for result on 20 oct 2022 and can take position. PS: Please do your own analysis before the taking any position
*AXIS Bank* Time Frame: Daily Observation: * Swing High Break * Base Formation At 721 742 * Mean (EMA) Diversion on Daily Time Frame Resistance/Target: 909 1025 1141 1214 Support 772 720
Shot levels respected twice and gave decent gains. Two days same levels worked as resistance and finally moved up. Neutral view for now
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...
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 took solid support around 710 ( support treandline from 2015 and it got broke nly 2 out of ~10 instances and those 2 are Mar'20, apr-may'22). Stated reversing towards resistance trendline around 830 (ATH) with next levels as 770,830 in 4-6 weeks once break above with volumes then rallycango till 1000 or if rejected at resistance then 770, 730 levels...
Axis Bank was in very complex corrective five wave of expanding triple three pattern which is completing it at 742-730 price levels and from there the wave 3 will start for the target towards 923-995 and 1100 for coming months.See the price patterns and the levels in the chart.
Detailed analysis of axis Bank in 1 hour timeframe
"when nifty is top, everything should be on top, when nifty crashes, the market crashes". everything on chart is explained about the trend lines with different colours. recently, bank nifty gave a good bull, and now a small correction it has faced. ANALYSIS ON NIFTY 50 WAVES(check link): currently now nifty has completed its 4th wave, 5th wave will begin soon...