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Buy at cmp

Discussion in 'Technical Analysis' started by verenmitter2001, Apr 30, 2015.

  1. verenmitter2001

    verenmitter2001 Member

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    IT, Education & Ex-Army officer
    Hi Shabbir
    Axis bank has formed a W pattern and can be bought with so of 515 .
    What's your view?

    Regards
    Veren
     
    verenmitter2001, Apr 30, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    yes quite a perfect W and so can be a good trading bet.
     
    shabbir, Apr 30, 2015
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  3. naveen1241

    naveen1241 Responder

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    What target can we set ? 620 ?

    Thanks
    Naveen
     
    naveen1241, May 31, 2015
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  4. shabbir

    shabbir Administrator Staff Member

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    Quite easily.
     
    shabbir, May 31, 2015
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  5. naveen1241

    naveen1241 Responder

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    Hey Shabbir,

    Nearing target. Fingers crossed.
    You told quite easily - so what could be profit booking and trailing SL here ?

    Thanks
    Naveen
     
    naveen1241, Jul 17, 2015
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  6. shabbir

    shabbir Administrator Staff Member

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    At least 50% of profit should be booked and trailing SL should be previous days low.
     
    shabbir, Jul 17, 2015
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