AXISBANK--Near Its Demands??This stock is bullish from long term.
we have to look for buying opportunities to continue in the trend.
if we see trendline is acting as support multiple times at bottom side...
on the topside we have dynamic resistance in the form of trendline.
when price takes the support again from the bottom side trendline,
we will go for buying, when price breaks the topside trendline and retest.
we have a lot of liquidity is lies below the trendline on bottom side.
If price takes all the liquidity then an immediate entry is placed at 960 to 920 levels.
Look for buying opportunities in this stock.
Axisbankviews
Axis Bank: Preparing to Break Resistance – A Rally in the MakingCurrent Price: ₹1,142.40 (+0.29%)
Axis Bank is consolidating near its Golden Retracement Zone (₹1,098 - ₹1,112) after breaking out of its Previous CHoCH Zone (Change of Character). It is also testing a trendline resistance, with potential for a breakout rally toward supply mitigation levels.
Key Levels:
Buy Zone: ₹1,112 - ₹1,143 (Golden Retracement Zone)
Stop Loss: ₹1,098 (on a daily close below the retracement zone)
Target 1: ₹1,280
Target 2: ₹1,303 - ₹1,326 (Supply mitigation zone)
Key Observations:
Golden Retracement Zone: Acts as a strong support for a bounce.
Trendline Breakout: A successful breakout above the resistance line may lead to sustained upward momentum.
Supply Zone: ₹1,303 - ₹1,326 is the next key level to watch for profit booking.
Disclaimer:
This analysis is for educational purposes only and is not financial advice. I am not a SEBI-registered analyst. Please do your own research or consult a financial advisor before making any investment decisions.
AXISBANK (Axis Bank Limited) - Swing TradeClosing Price: ₹1,165.25
Change %: 3.49%
Volume: 12,818,081
High: ₹1,169.65
Axis Bank has shown an impressive gain of 3.49%, reaching a high of ₹1,169.65. The substantial volume reinforces the bullish trend, indicating strong buying pressure. Such a breakout performance often precedes further price appreciation, making AXISBANK a strong candidate for a swing trade.
Kindly conduct thorough analysis and consider market conditions before making any trading decisions.
AXISBANK--Breakout Range (Supply)??Observations::
In my last view about AXISBANK, broken the trendline and continue fall or rise happens.
Now clearly the rise happens from these levels 870.
Resistance @ 935-940 range.
now The stock price is at Supply zone, price is in range from last 1 week, it will not test the supply zone.
consolidation to fake breakout may happens at this level, keep watch this level.
If price breaks 910 range, observe some fall price reach to 850-860 range.
We have a great support lies in the range 850-860 range.
AXISBANK : Intraday levelsAXISBANK levels marked on chart with daily & H & 15 min chart.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
Axis Bank Trade Setup Idea for 30 August, 2022Axis 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