Hey Guys, As you can see from the chart we have a completed bearish cypher formation and price is staying above our usual entry level in Axisbank . We can take this trade now also, bcos it gives us the advantage of reduced risk reward, so even incase of loss we will be losing lesser compared to what we lose if we enter @ Usual entry level. Moreover, you can...
This is the trading plan for Axis bank. Share is moving in up trending channel, price has broken structural highs on daily chart. Shorting such up trending share will be risky. Supply zone, Momentum Indicator, Gann line and candle stick analysis to take short or long trade. If we close above current supply zone the one can long share keeping the next...
Can be a good short here with a strict SL
AXIS Bank is currently at the resistance of the trend channel. Expecting a pull back to mean revision RSI at triple top, which can also be considered at divergence as prices have made higher high.