From the chart of 1 hour of Axis bank, and by using RSI, we can confirm that the RSI is taking reversal, which implies from RSI Chart that it is a negative divergence. If RSI Cuts the 56-57 levels, we can short axis bank. We can confirm the shorting with the nifty bank charts as similar patterns are watched on 1 hour chart of Nifty bank, negative divergence. So,...
Axis Bank closed at 384.95 and could test it's strong support level 369
Levels to watch
if -GAP UP OPENING ABOVE 389.22 then can see 15 point moment upward
if -GAP DOWN OPEN BELOW 368.09 then can see 10 point moment downward
Hello Guys, That's My first Analysis On-axis Bank Please gives like And support my ideas
How are you doing nowadays If you are still not making profit then contact Me,
As you can be seen In chart Its Gives breakout bt Not done retest and now currently Moving below Excess Price I am looking for short in axis bank for target 470-450
Thanks
Axis Bank Ltd (Axisbank - NSE) is in C wave down in daily time frame and in 60 min time frame it is going down to 5th wave of C, which was over as short wave. In weekly time frame it completed impulse up move and now correction ABC down cycle is about to over then new up cycle will start, which might be ABC or impulse. So no more bearish view from this point and...
Another Bank similar story . From 850 lever to sub 400 looks cheap but current up move part of correction of long term correction . Any decent rally is a good selling opportunity.
Short Axis Bank on basis
1. Double Top
2. RSI Negative divergence
3. Fib Retracement @ 0.786
4. Trading Near Previous Structure/Long Wick
Stops and Targets are as mentioned in chart
Dear Traders,
I have share AXISBANK Intraday Trading Details.
BUY - 362.60
STOP - 355
TARGET - 372
DISCLAIMER: We are NOT SEBI registered analysts. We share calls which we trade personally. All calls are for Educational purpose only. We are not responsible for any losses or profit you make.
Looking at AXIS bank,
Its trading in range from past 1-2 weeks & considering weak Bank NIFTY, we can capture short opportunity in AXIS Bank.
Based on Hourly chart, incase if breaks 385.5 level,
we can go short ... support levels are drawn on chart
