I-Fund-Trader
Long

Long set up

NSE:AXISBANK   AXIS BANK
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Now every one is talking about this will go down it has closed below some bla bla bla weekly low ,
Wait for daily candle to develop , its not going down , if you are true analyst , your forecast should come at this stage where
its not dropping in panic , its just another day of correction
i am looking this will make one more move up , one can wait for it develop strongly in the trend , but should be aware that this push is last push
Regardless of Market news or upcoming events , this has one more move up left
You have two options , wait for this move to complete and then look for sell set up
or Join the party for upside move once it develop the momentum
Trade active
Comment: Now the move to upside is complete as per one of the Price movement theory , and another theory which is popularly know as wave theory which suggest it has still one more move ,
Yes it is possible , because extensions are pretty much in all fluid stock before ending the Trend
What kind of extensions are going to take place i have no idea , but we look in to internal pattern and Momentum indicator to take decision weather to stay or get out form the position ,
any one having a position take care by trailing stop form here onward
Comment: So far we are very much in the trade from 721 to 813 , we have lightened up our position today at EOD , we will start booking rest on every rise of 3 point form here onward
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