AbhishekHSinghCMT

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

Short
NSE:AXISBANK   AXIS BANK
10
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
downside

It was gap down & 497 -499 zone has been kissed.

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

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