theTradingSailor

AXISBANK- LONG (Positional)

Long
NSE:AXISBANK   AXIS BANK
My Long trade on Axisbank is active (its a positional trade for a week or maybe more)

entered when CMP was 536.5
SL is below 530.7 (6 Points)
TGTs: 460/475/500

This was discussed in the video I had posted yesterday on my views.
Everything is in the video on why I carried out the trade. Please check.

Link: https://www.youtube.com/watch?v=bpvL6QnZ...

Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in AXISBANK spot price chart. And also please note this is Positional analysis (for a week or more) and is NOT for intraday


This was also published in regional website, but sometimes may or may not appear here, so publishing my views in here also
Trade active: 1 lot fut bought when CMP in spot was 436.5
SL: 430.5 (May change later basis CS pattern)

I may add more lots once its breaks out from the upper line - will update accordingly
Comment: Just to update, as pointed out in comments section - entry price is 436.5, NOT 536.5 (SL is 5-6 Points only)
Trade closed: stop reached: TSL was hit in the 1st candle itself,, thereafter stock moved down nicely taking a support in the lower line..

However I did not trade the short sell in axis, as I have my short positions in nifty (2lots), which now is in a good support area.

Comments

U means 436.5
Reply
@vineeth2, uhhh,,,yess... thanx for pointing out mate.. Yes its 436.5 (536 is faaar)...:)
Typo error,, however the Risk reward ratio in the diagram might have been helpful..
Thank You
Reply
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