Axis Bankdue to continuous rise in bank nifty, there is a need of correction due to profit booking. also considering Nov 25 loan moratorium case which is pending in supreme court.
AXISBANK trade ideas
AXISBANK - Rising Wedge Pattern (Intraday/Very Short Term)This analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
Axis bank shows Bearish divergence on 4h chart.Wait for the close and look for profit booking 450 levels
AXIS BANK 4HRCONFLUENCE of daily butterfly zone & 4hr crab strong zone
Withiin 3-5 price bars need the confirmation from a BEARISH CANDLE with RSI Below 70
POTENTIAL SELL
AXIS BANK DAILY BEARISH Butterfly ,Earlier this same pattern given good reaction on Type1 entry & Hit Targets
now price again came into PRZ , it Becomes a TYPE2 Entry which is REVERSAL
within 3-5 bars after getting confirmation from a Bearish CANDLE with RSI BELOW 70
POTENTIAL SELL
AXIS BANK DAILY Bearish Butterfly TYPE 2 Entry ,Earlier this Pattern given good reaction on Type1 entry & Hit TARGETS now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
AXISBANK (NSE) - Elliott wave analysis - sell set upAXISBANK - It seems one impulse cycle ended in 30 min time frame from last bottom and need to correct down. Sell with high as stop loss as 515.60 level for downside 490 or lower target as medium odd trade set up.
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AXIS BANK Next Journey Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
