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Axisbankanalysis

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.
NSE:AXISBANKLong
by IIT-Trader
5
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.
NSE:AXISBANKLong
by LiveTradingBox
Axis Bank - Ready for next life time highThis stock trades with steady volumes on the bourses in all time frames. Similarly, it is in the oversold zones of oscillators in average time frames. The 52W H/L being INR 1,151.85 / 814.25 It is consistently making Higher Highs and Higher Lows. It is standing around its support level in a rising channel. LTP on NSE on 06/Feb/2024 was INR 1,053/- (with a high of INR 1,096.20) It has already reached its demand zone and conservatively even if it falls from the current level to INR 1,000, it will be a good buy INR wherefrom it bounced back to reach its lifetime high. After all this discussion, I believe the target price should be INR 1,300-1,400. Stop Loss should be INR 900 Risk to Reward will be 1:4 The time horizon should be 9-12 months
NSE:AXISBANKLong
by Hobbytopassion_ManishJain
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.
NSE:AXISBANKLong
by ruelfernandes
AXISBANK--Trading in Channel this stock is trading in a channel price is still unable to break the supply zone @1100. if it tries again then definately sellers again push the price downwards,will observe a fallback below the support levels. wait for the price to breaks the keylevel, to go for shortside continuation. keyresistance level and support levels are marked. trendline is pushing the price upwards, this time if price failed to push the price up, price will test the supports at 960 levels and 930 levels.
NSE:AXISBANK
by IIT-Trader
2
AXISBANK--Breakout or Breakdown??Keep in long side until price breaks the trendline... ---------------------------------------------------------------------------------------------------- I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:AXISBANK
by IIT-Trader
2
AXISBANK--Outlook from 950-830 ??AXIS Bank Outlook:: Strong Supply zone is observed @950 zone and Strong demand zone is observed @830 zone, keep on sell side from 950 and Buy side from 830-840 zone. Price is going to enter in consolidation zone...between these 2 levels. Short Term Bearish view:: 950-830 levels.. 1st phase Bearish:: from 950-900 is possible.. 1st Phase:: Bullish view from 900-930 is also possible:: 2nd Phase:: Bearish look 930 level to 860 levels. 3rd phase Bearish look:: 910-900 to 830 levels. 3 Phase Bullish From:: 860-910 level or 860-900 is possible. 4th phase Bullish from:: 830 level to 950+ level..
NSE:AXISBANK
by IIT-Trader
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.
NSE:AXISBANK
by IIT-Trader
AXISBANK-Resumes Uptrend or Reversal???AXISBANK-Observations: ------>Stock trending upwards -------> Broken Trendline retest is needed. -------->If this is a false breakdown the trend will continue moving upwards again. --------->we have a great supports build at 830-850 levels. ---------> Previous strong demand Zone may act as Resistance and pushes the price towards downside, careful at 905-910 range. --------->keep on buyside we have a chance to enter long until it breaks 830-850 range.
NSE:AXISBANKLong
by IIT-Trader