Axis Bank: Trade setup for 6th July 2020
Updated
Resistance 432
Support 421
Pivot 426
Wait for breakout and confirmation on either side
Enter on pull back
Break of resistance = support
Break of support = resistance
Stop loss 10 points
Target 15+ points
Bullish once nifty confirms uptrend
Bearish once nifty confirms downtrend
Avoid entering into gap up/gap down.
Wait for price action to confirm(Close of 30 min candle)
Support 421
Pivot 426
Wait for breakout and confirmation on either side
Enter on pull back
Break of resistance = support
Break of support = resistance
Stop loss 10 points
Target 15+ points
Bullish once nifty confirms uptrend
Bearish once nifty confirms downtrend
Avoid entering into gap up/gap down.
Wait for price action to confirm(Close of 30 min candle)
Trade active
Buy Order: 433.5Stop loss: 421
Trade closed: target reached
Trade closed @ 440
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