Axis Bank - April 13 Day Trade!

148 2
Axis bank has taken support at 502 - 505 level forming double bottom . If the price shows strength we can go long.
Buy above - 505 Stoploss - 502 Targets - 509, 513
Sell below - 502 Stoploss 505 Targets - 499, 496 and 493
Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 13th April 2017 only.
Analysis based on 1. double bottom 2. Support & resistance 3. RSI hidden bullish divergence
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Nice Analysis Vanathi. Tomorrow is Bank Nifty Expiry and sometimes on expiry day Bank Stocks does not follow technicals and they go with the trend hence one should take care of this while entering the trade.
vanathi VijaySharma
@VijaySharma, Yes, but we can manage when we have trading plan.
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