Axis bank broke out of a trend line which it has been holding since May and taken a retracement. Possibility of down trend. . Reason to short: 1) Major Breakout in daily time frame as well. 2) Multiple Retracement ends up in downwards momentum (M-Pattern Formation: Showing down trend as well). . RR ratio should be calculated and trade should be taken accordingly.
Order cancelled
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Trade has gone sideways didn't expect this move.
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Formation of a triangular pattern. Keep an eye on it.
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Entred at 402.70. Acting as expected. Good Profit in progress.