AbhishekHSinghCMT

Axis Bank - Hatrick What Next?- Bounce for 500 Levels & Bottoms

Long
NSE:AXISBANK   AXIS BANK
12
Leaked Letter at bit.ly/2nQoJI8

Type the above code to get the letter which gave a push to 502 - Amazing!

Excited as got back 2 back 3 moves all between 500 to 483 zone. There is mini bottom at 483-484 zone -holding above that zone it can bounce in the zone 498-502 again & face resistance.

Trading Strategy
Buying with stops below 483 in the zone 485-487 for target zone 498-502 zone or above 490 can be another attempt.

You would love to read previous updates

Below 500 for 486-489 & then push above 490 for 498-502

Falling from 502 highs to 483-485 zone
Trade active: 15:15 Hrs 27th March2017

Last Price@487

Moved into the zone 485-487 but markets are about to close so we will try to take positions in next session & possibily above 490 or extreme bottom zone close to 483-484 so that we lose 1-2 bucks as stops if goes below 483.
Trade active: 12:08 Hrs 28th March 2017

Last price@500 (Close 499.80)

Magic of 500 - 3 times - It's a new year magic & the magical number is 500 -Kissed & out

Trade closed: target reached: 12:31 Hrs 28th March - Happy Gudi Padwa

Last price@498.50

Done & Out at 500

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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