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Amit_Ghosh
Jun 11, 2017 6:45 AM

Axis Bank Ascending Triangle Long

AXIS BANKNSE

Description

Bet: Breakout of Ascending Triangle
Safe Setup: One can put the 'closing basis stop loss' 3 points from the low of last swing low candle.

Normal Setup: Already mentioned

Option Setup: One can sell Axis Bank 480 PE

Hedge Setup: One can buy 1 lot of Axis Futures and buy 1 lot of Axis Bank 480 PE

Comment

Close Axis Futures in breakeven. There is no hope for this bank. Short 530CE
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