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verge of Breakout

Discussion in 'Chart of the Week' started by yankeedin, Jul 19, 2014.

  1. yankeedin

    yankeedin Responder

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    Axis bank is on verge of breakout.
    Can be bought at cmp 1996, sl around 1800, target 2200

    View pls
     
    Last edited: Jul 19, 2014
    yankeedin, Jul 19, 2014
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    hirenrachh and shwetagnema like this.
  2. yankeedin

    yankeedin Responder

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    Attached the chart
     

    Attached Files:

    yankeedin, Jul 19, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    Spot on...
     
    shabbir, Jul 20, 2014
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  4. aveerareddy9

    aveerareddy9 New Member

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    Hi Dinesh ,

    Can we buy it tomorrow?

    thanks
    Veera
     
    aveerareddy9, Jul 21, 2014
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  5. yankeedin

    yankeedin Responder

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    Yes you can but we have to follow stop loss of 1800 at any cost.
     
    yankeedin, Jul 21, 2014
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  6. yankeedin

    yankeedin Responder

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    Hey, but tomorrow is result day. Though Axis bank has given good results qoq still its not advisable to buy, as stock may either go up or down too soon depending on the result.

    What do you say Shabbir? Its one of the lesson I learnt in this forum.
     
    yankeedin, Jul 21, 2014
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  7. shabbir

    shabbir Administrator Staff Member

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    I expect profit booking on earnings day.
     
    shabbir, Jul 22, 2014
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