Axis Bank - Formed W- with the Target - Back 2 Back- Now Trade W

531 5
Wish You all a Happy Gudi Padwa & Prosperous New Year to all on this auspicious time when Vikram Samvat 2074 begins.

Bang On for the target!- Isn't that amazing that we formed W- shape with targets achieved - What Next- Trade W Harmonic Pattern .

If it sustains below 505 or with strict stops slightly above 505 -we can look for 483-484 Back again in the support zone- mini double bottom support from previous update.

Trading Strategy
Scenario-Risky - If you can afford to lose 5- 7 points, then trade between 498-502 with strict stops of 505+

Targets shall be 483-484 going into mini bottom.

You would be interested to know -How we formed W- shape with targets- Need patience to read all the previous 3 updates

Magical Polarity Level@500

Resignation letter rumors gave the push@502

Hatrick What Next?

Trade closed manually: 09:23 Hrs 30th March2017

Last Price@498

Bad Luck Mr. Satish as mentioned in the comment

It was gap down & 497 -499 zone has been kissed.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
@AbhishekHSinghCMT. Can this short be initiated tomorrow ? No positive news from Kotak also.
@SatishBoda, I will have to check as the structure was invalidated.
@SatishBoda, Keeping below 506-507 -if you get the bounce could be taken as selling opportunity for target 497-499 zone - keep in mind of strict stops above 507 for targets 497-499 & later looking for support -if holds in that zone then can be seen as buying.
SatishBoda AbhishekHSinghCMT
If it goes to 483/484 then
Can it called triple bottom ???
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out