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AXIS BANK TRADING || FAILED BUT U CAN RECOVER IT IF......

 AXIS BANK TRADING || FAILED BUT U CAN RECOVER IT IF......




If you can see the chart very carefully then u can see the CCI divergence showing a simple and clear breakout for positive divergence.

Its a clear buy sign at 695 area. But after 10-11 candle from the buy candle its break down the lower trendline which was the main support line. 

This time always recommended to exit and the price was 689 area which means it's near 6 point loss. If we hold the position with virtual confidence and logic then u can see the lower price that was near 681 which is most pathetic. 

Why this is pathetic because practically at that particular time we can not control our mind and we can see near 14 points MTM losses. And all our confidence will go through some smoking chambers. Hahahahaha.....

2 personal at the same trade. One was booked loss with 6 points and waiting for fresh trade to recover and another one holding the position with 14 point MTM loss. Here the second person can book loss where a major panic will work with his/her mind or can hold with a brave heart.

In reality, 2-3% of traders will hold. Otherwise, you know. Yes, now you can say that we can hold. I know the chart showing the next answer and that time it was blank on the paper. If you do not understand it and accept it then think about your last trade of booking time.



So, next, come to the point. Next again you can see the same trade pattern and now its buy price was 694. and u can see the within the trading session its hit 699-704-707-709+ area. 

So the first person can take the fresh buy position for 700 or more. And he/she can recover the last losses that happened in the last trade.



But if you hold the trade which was at 681 closing and position was at 695 area, then where u sold it ??? I think as per my personal experience, you sold it at the cost to cost price or +2-3 points from 695. Because each and every trade with maximum time taking can affect your mind and create panic psychology.  


"Trade with technical" - This line is good before input the real money.


Best of luck for your next trading session. You can check out my video where the same thing I described. Check out my Youtube channel for more related videos.







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