AXBA trade ideas
Axis Bank NSE:AXISBANK Axis Bank To give Breakout
Stock was taking proper support at 728-731/- Level and resistance at 755-759/-.
Simple It formed ascending triangle by taking support at 765/-
Entry: 769 SL: 751 Target:800
axis bankAxis bank trade at demand zone and now i am expecting some correction towards up side..
Purly intraday
axisbank longclear break of a range
800 could be a good level fo a target
if price sustains above 750..that is if this move is not a fake
this can reach 800 levels sure
darvas box and of price will cross above 766 then longdarvas box and of price will cross above 766 then long
AXISBANK Axisbank..DAILY FRAME STOCK LOOK BULL MODE 5 WAVE MOVING AND 760 AREA RESISTANCE ZONE ONCE IT BREAK 800 810 FURTHER UP MOVE SEEN
AXISBANK is it ready to go UP??AXISBANK: formed ascending triangle with price pushed to apex. Is it ready to go UP?
AXIS BANK - Inverted Head & ShoulderFacts that Supports upward movement : -
i) High Volume and Inverted H& S pattern on verge of breakout
ii) Increase in earnings
iii) Decrease in Gross & Net NPAs.
iv) Target 900-920 suggested by brokerage houses.
v) FPI/FII increased holding from 51.02 to 51.43% in March 2021 qtr.
vi) Reduction in covid cases and normalisation in situation.
Facts against upward movement of price : -
i) The lockdown from April onwards may result in less profits for this quarter.
ii) Promoters decreased holding from 13.93 to 13.58 % in March 2021 qtr.
iii )Mutual Funds decreased holding from 13.93 to 13.58 % in March 2021 qtr.
iv) Volume although high is lesser in the right shoulder pattern.
AXIS BANK DAILY Confluencee of MONTHLY, WEEKLY Bearish Bat & DAILY BEARISH ALT BAT ZONE...STRONG REVERSAL ZONE
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
AXISBANK WEEKLY Confluence of MONTHLY & Weekly BEARISH BAT strong potential reversal zone
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
AXIS BANK MONTHLY Bearish BAT
VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money
Higher volume- Professionals are selling into the public buying
from Bat Completion point D Narrow spread Bars indicates no professional buying & low volume shows Professionals have no interest to the upside , waiting for NO DEMAND bar to short
POTENTIAL SELL
