AXIS BANK

Entry at 9:45


1. Breakout from triangle so taking an entry at the price 666.20 with 310 qty

2. Also, price is below previous day's low, so there could be potential downtrend.

3. Target is 2nd support level i.e. 654.50

4. Stop loss is few points above the black line inside the triangle i.e. 680.15


Update at 11:10



1. It is important for the price to go below the support level marked in the above chart in order for us to hold the position.

2. If buyers show strong support again with good volume then I am going to exit or if it breaks that strength of buyer then I am going to continue with my position.


Update at 1:40


1. Identified new support level between 660 - 662

2. If price struggles to cross this zone, then I will be making an exit

Update at 2:25



Changing the stop loss to 665.10

Update at 3:00


1. Stop loss hit

2. Profit = ( 666.20 - 665.10 ) * 310 = 341