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.
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
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, 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
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
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?