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Axis Bank - Bearish Engulfing - Spotted
AXIS BANK LTD
Short
Axis Bank - Bearish Engulfing - Spotted
By Caapinves
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Updated
May 11, 2020
3
May 8, 2020
Axis Bank - Script has more sideways then Uptrend or Downtrend in Day Chart.
Day chart evidence Evening Star and now today it witnessed Bearish Engulfing.
Hence , The script now has opportunity to short.
Short below 379
Target 1 - 360
Target 2 - 330
SL - 410
Disclaimer: Kindly do your own analysis before executing the trade
May 11, 2020
Trade active
Shorted at 379
May 13, 2020
Trade closed: stop reached
Opened with Gap up. Hence, Stop Loss Reached
May 18, 2020
Trade closed: target reached
Today Trade activated once and Shorted at 379.
Target 1 reached -360
Exited at 355
May 19, 2020
Trade closed: target reached
Candlestick Analysis
Parallel Channel
Caapinves
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