AXISBANK trade ideas
Axis Bank - BearishAxis Bank CMP - 599.70
Looking bearish in higher time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Sell at or Below ONLY 594 / Stop Loss 601
Target 1 - 590
Target 2 - 585
Target 3 – 580 / 575
Disclaimer: This is my view and for educational purpose only.
AXISBANK - Elliott wave analysis - 5th wave upAXISBANK - it is in 5th internal wave of C up. stop loss is 584.40 target will be above 612 or higher.
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 - 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
