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ninja_shenoy
Jul 6, 2020 3:27 AM

Axis Bank: Trade setup for 6th July 2020 

AXIS BANKNSE

Description

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)

Trade active

Buy Order: 433.5
Stop loss: 421

Trade closed: target reached

Trade closed @ 440
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