AXISBANK - doji inside an unbroken inside bar - high R/R

In continuation of my earlier view on Axis Bank , the inside bar didn't gave any breakout and formed a perfect doji

doji inside an inside bar signifies indecision and congestion. its like a compresses spring going to be unleashed.

A possible way to make the most out of it would be

in equity or futures
buy above 441
sell below 419

In options

buy a 410 PE and 450 CE

you can put the stop-losses as per your risk appetite and book profits as per your convenience

earlier idea a day before, today doji was formed

Thanks Happy Trading

Happy Trading


Learning is a continuous process - 8 out of 10 trades will always teach you something new , so learn something that helps and unlearn few things to be more efficient