AbhishekHSinghCMT

Axis Bank- Careful Below 580 with Rising Trendline

Short
NSE:AXISBANK   AXIS BANK
5
Prices have been moving in a choppy manner on upside. So, going below 580- AB will fall to the zone of 575-577. Once Target Done. Let it bounce back to the zone 584-585 & start falling back again below 580- to re-enter in the short trade.
Trade active: 12:35 Hrs-IST-24th AUg2016- Axis Bank is flirting around 580 levels so let us wait for clear breakout for time being we shall exit at 580- current levels.
Trade active: 15:35 Hrs- IST- 24th Aug2016-- We exited Axis Bank exactly at the cost price of 580..it jumped up & last traded at 584- forming a box-either side breakout shall show us the market direction- so we should wait for market signals.

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

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.