AbhishekHSinghCMT

Axis Bank - Handle for the Cup@530-535 - Below 530 -450

Short
NSE:AXISBANK   AXIS BANK
Last Price@568 - 8th Feb2017

Analysis is done on the basis of spot/cash price.

Looking for handle of the cup@530-535 - if holds then target done or below 530 - handle can extend to 450 - Holding 530-535 can be seen as buying opportunity as well if Index supports.

No Trades above 577 - set the double top as your stop loss

Trade active: 09:55 Hrs 9th Feb2018

Last Price@554

Gap down - from opening high @560 - down 6 points !
Trade closed manually: 12:28 Hrs 9th Feb2018

Last Price@552.50 (In the Trade - 5-8 points +)

Closed ----------------------------Bye ---------------------Closed
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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Comments

Good Morning Shall i enter 530-535 for the sort term (2-3months) please advice thank you
Reply
@Surya1510, Not suggesting anything on post as closed - come in PM -I shall update you. Thanks
Reply
Hi AbhishekHSinghCMT, can I short it now for 555 Intraday?
Reply
@RajKA, Even though it is expected to fall you have lost the intraday entry price which could have formed cushion -late entry can increase your risk so it is always better to wait for new entry next time or if you are ok to take higher risk of stops above 568 else strictly no.
Reply
RajKA AbhishekHSinghCMT
@AbhishekHSinghCMT, thanks AbhishekHSinghCMT let me wait
Reply
@RajKA, Welcome. Keep watching for more action.
Reply