Axis Bank | Intraday Strategy for 17th May

Axis Bank is in downtrend and has broken its support level of 688. It has a gap between 677 and 681 which can be filled. If the downtrend continues short it below 677. Do not short if the market is +ve i.e do not trade in reverse.

Intraday Levels :

Buy above 689 ...targets -> 695 , 700 SL 685
Sell below 677 ...targets -> 671 , 665 SL 681

TIP : Wait for 10 min candle to close ABOVE/BELOW the given levels for confirmation. If the rates go far beyond the levels within those 10 minutes... do not trade

THESE LEVELS ARE JUST FOR EDUCATIONAL PURPOSE. TRADE ACCORDING TO YOUR RISK MANAGEMENT.

Comment:

One can sell below 681 if the opening price is flat. dont short if gap down at 681

DO NOT TRADE TILL 9:45

Trade closed: target reached:

:)

Comment:

Target 2 Achieved :)

Happy trading