Axis Bank Long at Rs 755.8
GAP at 752.15 to 760.2 is filled out so no buy orders remained unfilled in this range. All buyers have been exhausted. Below that price is the Institutional buy zone so it is expected price will not enter in that range. and Now price will move upward. So trade setup is slightly different.
Entry 01 755.8 or CMP buy x qty
Entry 02 if prices moves below 740 buy x qty in price range 731 to 735
SL 721.95
Target 798.6
Holding Time 10-12 Trading session.
GAP at 752.15 to 760.2 is filled out so no buy orders remained unfilled in this range. All buyers have been exhausted. Below that price is the Institutional buy zone so it is expected price will not enter in that range. and Now price will move upward. So trade setup is slightly different.
Entry 01 755.8 or CMP buy x qty
Entry 02 if prices moves below 740 buy x qty in price range 731 to 735
SL 721.95
Target 798.6
Holding Time 10-12 Trading session.
Trade active:
Stock is trading above purchase price. on lower side it entered upto 744, Hold it.
Trade active:
Price has not touched SL, remain in trade, one can buy x qty as explained earlier.
Trade closed: stop reached:
SL Hit , Close the position