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Axis Bank Short

Short
NSE:AXISBANK   AXIS BANK
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At 464, price got rejected from a strong earlier supply point, and today's initial movement on the stock was weak, so the stock is expected to head lower going forward. First target 450, and subsequently 442.

The trade would get negated on a decisive 10min close above 460.
Trade closed: stop reached: Oops, it hit the stop-loss and then came the fall. The expected fall till 450 and then 442 is still live. Stop revision to 462 required.
Trade closed: target reached

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