AXISBANK
AxisBank LongI hope you can now see how the AxisBank represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
AXISBANK- LONG (Positional)My Long trade on Axisbank is active (its a positional trade for a week or maybe more)
entered when CMP was 536.5
SL is below 530.7 (6 Points)
TGTs: 460/475/500
This was discussed in the video I had posted yesterday on my views.
Everything is in the video on why I carried out the trade. Please check.
Link: www.youtube.com
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in AXISBANK spot price chart. And also please note this is Positional analysis (for a week or more) and is NOT for intraday
This was also published in regional website, but sometimes may or may not appear here, so publishing my views in here also
AXISBANK - doji inside an unbroken inside bar - high R/RIn continuation of my earlier view on Axis Bank , the inside bar didn't gave any breakout and formed a perfect doji
doji inside an inside bar signifies indecision and congestion. its like a compresses spring going to be unleashed.
A possible way to make the most out of it would be
in equity or futures
buy above 441
sell below 419
In options
buy a 410 PE and 450 CE
you can put the stop-losses as per your risk appetite and book profits as per your convenience
earlier idea a day before, today doji was formed
Thanks Happy Trading
AXISBANK - inside bar trade setup Axisbank inside bar formation is quite near a trend line resistance
the details of target and stop-loss are provided on charts
the entry depends on risk-reward ratio you choose, entry price closer to SL will always provide you far higher reward with a lesser risk
Happy Trading
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 29/06/2020 MONDAYKey Levels for RELIANCE INDUSTRIES : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1755.30
FIRST TARGET~1769.15
INTERIM RESISTANCE~1783.50
FINAL RESISTANCE~1801.40
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LOWER BREAKOUT~1736.85
FIRST TARGET~1726.10
INTERIM SUPPORT~1713.55
FINAL SUPPORT~1688.45
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
HDFCBANK KEY LEVELS SUPPORT AND RESISTANCE 29/06/2020 MONDAYKey Levels for HDFCBANK : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1066.55
FIRST TARGET~1079.05
INTERIM RESISTANCE~1093.95
FINAL RESISTANCE~1111.40
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LOWER BREAKOUT~1049.05
FIRST TARGET~1038.50
INTERIM SUPPORT~1027.25
FINAL SUPPORT~1014.65
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.