UZC trade ideas
AXISBANK Potential for Bearish Drop | 6th February 2023Looking at the H4 chart, my overall bias for AXISBANK is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 908.00, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 970.00, where the recent swing high is. Take profit will be at 702.30, where the overlap support is.
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AXISBANK retracement over ??$AXISBANK 's retracement (daily TF) might be over as it is showing signs of strength on it's rising window. We can look for an intraday entry if the price spends some time at the swing high and then breaks out or we can also enter as a swing trade for a target till the recent swing high on daily TF.
AXIS BANK - DAY CHART - 09.01.2023 - BAHAVAN CAPITALAXIS BANK as per Day Chart Analysis Stock
ABOVE 962 TARGET 970
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
AXISBANK : Trading at 52week high#AXISBANK good strong breakout after 2 failed attempts
>> If it Retraces, accumulate till safe entry levels
>> If it doesnt Retraces, enter above previous high levels
Targets as per Fibonacci
Good Strength in stock
Take 5-10% and Keep trailling
Keep Learning....Keep Growing....Keep Trading
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AXISBANK- Breakout Bullish SetupAxis bank has given a breakout from its Resistance zone and volume profile showing high volume traded at a near higher price, it is giving high probability to continue uptrend after a breakout above @965 level.
Entry Level:- Above @965
StopLoss:- Below @958 After breaout of level @965
Target:- 1:1 or 1:2