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Is it a buy in Axis Bank ?

Discussion in 'Technical Analysis' started by saptarshi_sachin, Mar 1, 2015.

  1. saptarshi_sachin

    saptarshi_sachin Responder

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    Can we buy Axis Bank with stop of 590 target of 630+ ?

    I am seeing a W pattern in Axis Bank. Shabbir - please can you advise.
     
    saptarshi_sachin, Mar 1, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    Nope. SL should be 540 which makes ROI lot worse.
     
    shabbir, Mar 2, 2015
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  3. saptarshi_sachin

    saptarshi_sachin Responder

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    Tgt achieved in Axis Bank.
    630+ now but couldn't enter. Hehe!
     
    saptarshi_sachin, Mar 2, 2015
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  4. shabbir

    shabbir Administrator Staff Member

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    Hmm so you missed the bus.
     
    shabbir, Mar 2, 2015
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  5. saptarshi_sachin

    saptarshi_sachin Responder

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    No I didn't

    There were some indications, Got confirmed news that FII limit in Axis has been increased.

    So, in news, finally entered Axis @635 forcefully. Axis closed at 647.55, let's see
     
    saptarshi_sachin, Mar 2, 2015
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  6. shabbir

    shabbir Administrator Staff Member

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    I will not say bad decision and if you know about the news, its all ok playing.
     
    shabbir, Mar 2, 2015
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  7. saptarshi_sachin

    saptarshi_sachin Responder

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    Rbi cuts repo rate by 25 basis points, let's see
     
    saptarshi_sachin, Mar 4, 2015
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