Here is chart for AxisBank Future suggested @ Open .
Logic behind trade was ,
# AxisBank Open Type was Open Drive out of Range and out of Value Area.
# First few minutes showed strength.
# In such setups, best thing to do is go with Open bias, depending on daily structure of stock. Which was up
here.
# Trade Entry was done near 9.21@ 1453.Then it was smooth sailing for stock, exited @ 1478. ( + 25 )
# # RBI policy was @ 11, so exited just before big news, as it gets volatile post news.
Many times one gets chance to enter on small retarcemnt. One should decide whether to wait or enter immediately based on strength of open.
As it was clear that AxisBank had Open drive, which has highest market conviction.
Here is Image for Open Types,
Logic behind trade was ,
# AxisBank Open Type was Open Drive out of Range and out of Value Area.
# First few minutes showed strength.
# In such setups, best thing to do is go with Open bias, depending on daily structure of stock. Which was up
here.
# Trade Entry was done near 9.21@ 1453.Then it was smooth sailing for stock, exited @ 1478. ( + 25 )
# # RBI policy was @ 11, so exited just before big news, as it gets volatile post news.
Many times one gets chance to enter on small retarcemnt. One should decide whether to wait or enter immediately based on strength of open.
As it was clear that AxisBank had Open drive, which has highest market conviction.
Here is Image for Open Types,
No comments:
Post a Comment