Doji-Evening star-Axis Bank

[Balaji]

Doji – Evening star (Bearish)

Trade plan:

1. Symbol: Axis Bank
2. Direction: Short
3. Entry: 282
4. SL: 291 (Risk = 9)
5. Target: 269 (Reward = 13 (1.5 times x 9))

Reasons for qualifying Doji pattern:

1. Recent fall in price witnessed
2. Three day reversal pattern, first day a bullish candle, second day candle a DOJI, third day a Bearish candle.
3. High Volume.

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