Axis Bank Long Term can take the position as per the Chart
CLEAR BREAK OUTWITH GOOD VOLUME AND TECHNICAL INDICATORS.. 1ST TGT 435 CAN BREACH TO 480 LEVEL
pure break out with good volume and with other technical indicators.. can breached till 482 level..
A very simple idea . stock is breaking the channel with good volume and positive RSI and MACD . targets has been calculated using fib level.
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...
Short Axis bank on basis 1. Over Bought 2. Chart pattern formation called " Wedge" Stop's and target are as mentioned in chart.
if the price breakage this RESISTANCE of rectangle we can see the AXISBANK stock up between 580.00 / 635.00 price
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