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
Comment:
Axis bank CMP is 445. Banks are weak so trailing stop-loss to 430 at entry price.
Comment:
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
