Axis bank has shown break of structure previously and took strong support 1027 and after that it’s showing zig zag pattern with higher high and lower lows.
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Axis bank is currently trading in rectangle pattern . if stock gives a breakout of this rectangle above 1150 we will take a swing position with stop loss of 1080 and for target of 1550
#Axisbank is near its resistance of 1108-10, Buy only above 1110 (hourly closing) for a minimum target of 1125 and final target of 1150 with a stop below 1108 (hourly closing).
NSE:AXISBANK
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Scenario 1
if market opens positive then wait for the stock to form resistance , once resistance confirmed then go for shorting.
Scenario 2
if market opens negative then wait for the market to form a proper support and if stock trades near the support area then go for shorting.
SL - Above 1127
💥Axis Bank💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-1121
Breakout Price-1121
Stoploss-996
Targets-1448-1650
RT for max reach
#axisbank #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
I started recommending this share since 900. Currently its trading at 1100. Last week it has given a Fibonacci breakout above its 1.6 level. The next major resistance would be around 1500. I love to take trades especially if the company is fundamentally strong. Chart is strong with extremally good RR. A new entrants either keep deep sl or no sl for this...
NSE:AXISBANK is in an Uptrend making continuous HHs and HLs in the Candlestick Chart.
With these HH and HL, the price has created two Bullish Patterns in this Chart: A Cup and Handle Pattern which is a Continuation Pattern, and a Right-Angled Descending Broadening Triangle.
We also have a few Trap Zones in this chart; hence my expectation is that the Price of...
buy @ cmp
reward @ 1:2 / trailing stop loss
this is only for education purpose only
please enter at your own risk
AXIS bank at 52 week high
please watch careful as 52 week high is itself a risk....
This stock has reached a resistance zone,
which had previously witnessed a significant decline in value.
There was a prior breakout from a bearish channel,
followed by a retracement to channel and another upward move into the resistance zone.
If consolidation happens at this zone, there is a possibility of a liquidity grab on the upside,
indicating potential...
NSE:AXISBANK
Short Selling Opportunity in AXISBANK.
Entry: 980.50 (Lower Low Structure)
Stoploss: 1003.10
Target: 925
Don't trade without hedging the position to minimize the losses!
