Technical Analysis of Indian Equities by Nooresh

Axis Bank — A Big Whipsaw

This is one stock which i was pretty bullish on for short term and the stock has totally done the opposite!!


This is my previous post on a possible breakout talking about catching momentum


This is the chart as it looks now.




The trades we initiated was first a buy around 1040/1080 could only book part at 1100-1120 and rest stopped out. Again initiated around 1020-1040 as support got stopped out yesterday at 980-985:(


The reason to put up this post is when you get a stoploss hit on a trade take it….


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Happy Investing,

Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2774 articles.

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