General Trading Chat

[BearsTruth]

Guys what to do with Axis Bank shares ?
RBI clarified that they ll not cancel its license. Still is it wise to hold it ?

Surprisingly private banks are more involved (like it is the case globally in fraudulent activities) in turning black into white than the much derided sarkari banks! If not licence cancellation then they may face penalty. So lots of uncertainty there. Tread carefully.

 

[vijkris]

Can you tell me more about why/how this license cancel thing??

May be it was a rumour, but Axis Bank officials are actively involved in converting black money to white. Thats why this doubt.

 

[monkeybusiness]

May be it was a rumour, but Axis Bank officials are actively involved in converting black money to white. Thats why this doubt.

There were some reports in Hindi newspapers.

PS : AXIS bank may change its name to Nexus Bank.
as they have nice nexus with money laundering.

 

[NoviceStockTrader]

May be it was a rumour, but Axis Bank officials are actively involved in converting black money to white. Thats why this doubt.

Thanks buddy. I just googled and read some 19 officials of axis have been suspended. Dont think RBI will cancel license of bank because of a handful of corrupt guys.

If you are holding Axis bank, you should be more worried about the downtrend it is in

 

[NoviceStockTrader]

T
PS : AXIS bank may change its name to Nexus Bank.
as they have nice nexus with money laundering.

:rofl::rofl::rofl:

 

[traderniftybull]

Thanks buddy. I just googled and read some 19 officials of axis have been suspended. Dont think RBI will cancel license of bank because of a handful of corrupt guys.

If you are holding Axis bank, you should be more worried about the downtrend it is in

Bhai, AxisBank is +3% today.

 

[NoviceStockTrader]

Bhai, AxisBank is +3% today.

Bhai, Just being up 3% does not change the trend. You probably have a intraday perspective. I was referring to the investment he may have made in Axis bank. Its fallen fro 630 to 460

 

[manoj2012]

Axis Banks did not fall after such negative news ....... I was looking for a fall to buy a small amount for investment (long term) as it is very consistent wealth creator as per MOSL 21st annual report

 

[travi]

Regarding Banks in General, BN has now built up highest OI of 5L at 17000 Puts.
Wonder who will have the last laugh

 

[vagar11]

Is it better to make entry directly on breakout or wait for pullback ?

And at what point one can say that the breakout was a failure ? Take a look at the below chart.

For the above it's easy one can exit when low of the 11:50 bar is cracked. But, let's say after making 10 points in the direction of a breakout, the markets starts reversing. At what point will you take exit?