IS AXIS BANK READY TO GIVE GOOD MOVE UPSIDE SEE YOURSELF!Hi Traders/Investors,
In my last post on this scrip ,I mentioned clearly that is quoting for your consideration " if green support is not taken out on lower time and later on same day in daily time frame." then only by breaching this condition cover long other wise remain in long. now you can see the whole week axis bank remained up and in last trading session gave good recovery from green support. In this week even breached it . So condition is valid of last week long should be carried forward with the target of zone one. For Investors I gave one condition of green upper line taken out now with this sort of structure I share this is right time to buy 50% at this stage and rest when price will come back from upper zone . Follow condition strictly because I use psychological and structural points to make these . All are very reactive when conditions get failed. So trade accordingly. Rest market will decide.
Yogesh Vats
Note. All decisions of investing and trading should be taken on advice of your financial consultant.
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!!