Axis
Positional BUY Axis Bank Ltd. Buy initiated at 409.95, T: 436Positional BUY Axis Bank Ltd. Buy initiated at 409.95, T: 436, SL: 378.30.
Medium term outlook: We are expecting 20% upside from current levels, provided market conditions are good. Keep a stop loss of 378.30 to restrict losses in case market corrects.
3/12 cycle testing on AxisOm Namah Shivay,
Today was testing the 3/12 cyclic repeatation logic and tried on few stocks/indexes. Here is the one tried on Axis bank.
In simple wording, A clock contains cycles of 12. And 3 is one of the major cycles in a clock. If we check this on financial price fluctuations, the cycle should be visible someway. In the form of 12 years, 12 months, 3 months, 3 years, 1 year etc.
Just a practice. To convince self.
Om Namah Shivay
BTST IN AXIS BANK !!(FUT)!!BTST TRADE IN AXIS BANK
VIEW
:-200-DMA TAKEN OUT
:-RISE IN OI+RISE IN PRICE
:-RESISTANCE OF 730 TAKEN OUT
TRADE IN FUTURES 28TH NOV CONTRACT
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
BUY@731
STOP@721
TARGET 1@741
TARGET 2@751
LOT:1200
QTY:2
PLEASE NOTE:
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!