Buying Pullback -at Trendline Support
Updated
Entry 430
Stop-loss 409
Target 530
Risk/Reward 1:5
Axis bank trading at trendline support. Intermediate and short term trends are up. This pullback is an excellent opportunity to go long because of a very favourable risk to reward ratio.
Don't invest more than 5% of your total capital into a single stock.
Stop-loss 409
Target 530
Risk/Reward 1:5
Axis bank trading at trendline support. Intermediate and short term trends are up. This pullback is an excellent opportunity to go long because of a very favourable risk to reward ratio.
Don't invest more than 5% of your total capital into a single stock.
Trade active
Note
Axis bank CMP is 445. Banks are weak so trailing stop-loss to 430 at entry price.Note
The price is near to 430. Any single tick below 430 is a Stop-loss hit. Stops are not on closing basis. Once Price trades at 429.95 it's a stop-loss hit.Trade closed manually
Trade closed at breakeven. Trailing Stop-loss hit at 430
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.