AXISBANK - Fib Swing Buy
It's still a long way away, over a few weeks, but whatever.
Premise:
1. Expect a bounce off the lower cloud bottom into an OTE short later
2. The entry will have a daily wick, not a close
Execution:
1. One point entry at 521
2. Stop Loss at 499
3. Target : 618
Result:
1. A 4.58:1 RR trade is completed
Premise:
1. Expect a bounce off the lower cloud bottom into an OTE short later
2. The entry will have a daily wick, not a close
Execution:
1. One point entry at 521
2. Stop Loss at 499
3. Target : 618
Result:
1. A 4.58:1 RR trade is completed
Note
Nice target strike
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.