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shiv2798
Jul 29, 2017 11:13 AM

Possible trade set up on Daily chart Axis Bank Long

AXIS BANKNSE

Description

I am looking the axis bank will correct till the lower TL around 501/498 then can turn towards another higher high , there is likely possibility that this time they will brake the Upper TL and make to Long term high 654 and tag it
before making further high they may go for side ways after braking the immediate upper trend line
Lets see , Monday i am expecting the price may gap down and close near to lowest of it
Regards

Trade active

Comment

Exited my day trade from 511 to 520, 9 Points on F & O
regards

Comment

Sorry for missing the up date its lot size of 1200 and made 10800
Regards

Trade active

Price did bounce from 497

Order cancelled

Comments
theeye
too good
Parasuram
Trade active means are you long already??
shiv2798
@Parasuram, sir i trade in 1 mints candles and viewing 30 mints chart as alternate , so please note i bought at 511 and looking to book my profits as soon i find week in price action
thanks
Parasuram
@shiv2798, all i wanted to know was whether you are playing long or short as u have indicated possible dip to 500 levels...
shiv2798
@Parasuram, yes sir possible dip , you are correct and price action gave indicate trade set up I don't know weather it's short term or long term I entered and I booked my profit
I don't have to worry why price action is rising and dipping I try to be in the trade wherever it goes
Regards
Sidharth_Kr_Jain
Great Analysis
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