Technical Anlaysis of Share Price of AXIS BANK

8/3/2019 Technical Anlaysis of Share Price of AXIS BANK

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Presented by:Arun Sharma

Alok MishraAshish SinghMahima KohliMegha Gupta


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Following slides shows the analysis of AXISBANK LTD.

The parameters taken into consideration are:

Trend lineCandlestick Patterns shown

Chart Patterns

Moving Averages

OscillatorsFinally the recommendation for the investoris given taking into account the variousparameters.


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DOJI

White Spinning Tops

Marubozu


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The doji is a commonly found pattern in a candlestick chart offinancially traded assets (stocks, bonds, futures, etc). It ischaracterized by being small in lengthmeaning a smalltrading rangewith an opening and closing price that arevirtually equal.

The doji represents indecision in the market. A doji is not assignificant if the market is not clearly trending, as non-trending markets are inherently indicative of indecision. If thedoji forms in an uptrend or downtrend, this is normally seen assignificant, as it is a signal that the buyers are losingconviction when formed in an uptrend and a signal that sellersare losing conviction if seen in a downtrend

Neutral : Dojis form when the opening and closing prices arevirtually equal. Alone, dojis are neutral patterns.

Dragonfly: The long lower shadow suggests that the direction

of the trend may be nearing a major turning point.


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White Marubozu is long white body with no

shadows and which indicates the bullish

trend.

It usually becomes the first part of a bullishcontinuation or a bullish reversal patterns


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The spinning tops have longer shadow than

the real body .

The pattern indicates the indecision between

the bullish and bearish trends


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A moving average is the average price of a securityover a set amount of time. By plotting a

security's average price, the price movement is

smoothed out. Once the day-to-day fluctuations are

removed, traders are better able to identify the truetrend and increase the probability that it will work in

their favour.

Moving averages can be used to quickly identify

whether a security is moving in an uptrend or adowntrend depending on the direction of the moving

average.

Moving averages are used is to identify support and

resistance levels.


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A technical analysis tool that is banded

between two extreme values and built with

the results from a trend indicator for

discovering short-term overbought oroversold conditions. As the value of the

oscillator approaches the upper extreme

value the asset is deemed to be overbought,

and as it approaches the lower extreme it isdeemed to be oversold.


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Relative Strength Index (RSI) - shows when a

reversal is imminent

If the RSI is above 70, the market is generally

thought to be overbought, and an upwardtrend is likely to turn downward soon. Be

careful about entering a trade.

If the RSI is below 30, the market is generally

thought to be oversold, and a downwardtrend is likely to turn upward soon. Be

careful about entering trade.


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OVERBOUGHT ZONE

OVERSOLD ZONE

LONG /BUY


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The stock has shown a rally in the prices in

the current period from a low of Rs.800 to

the levels of Rs.900.

The stock stalled around its 20-DMA (simple,exponential and weighted , as seen in the

figure), which acts as a stiff resistance.

The immediate resistance level is 950, with

stop loss of Rs.859.We recommend the investor to buy at a price

range of Rs. 895-Rs.900 for short term at a

target of Rs.950 as resistance.

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Technical Anlaysis of Share Price of AXIS BANK