Monday, September 3, 2012

AXISBANK : Buying opportunity for swing trader?

Hi friends, for swing trading AXISBANK is going to enter in an attractive zone 977-967. As this bank is out performer I think one can utilize this demand zone as an buying opportunity. My opinion is as market trend is down I would like to take a long position while price will enter bellow 977, may be I would prefer 970-972  as the supply zone for the same is around 1005. Difference only Rs 28, so my  risk :  reward  after the cost ........... ok friends that is my opinion.....  you can take a look.

No comments: