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Axis bank is now looking attractive. 484 is really good. I assume it should give a 10% return soon.
If you have taken my course:
Go for directional strategy for next month. Go for Future buy. The rest you know – it cannot be revealed here as this newsletter goes to all paid as well as non-paid members.
If Future is in profit great – we make money. If not then the options will make. Here is the asset quality news:
So there is going to be some volatility I assume. And we make money if the stock is volatile – the direction does not matter.
Wait for at least 5% up or down to book profits. The more it goes up or down the better.
Now if the stock falls 5% or more. Close your trade in profits and BUY the stock in cash. 🙂
And sell when stock is up 10%. Make profits everywhere. 🙂
If you have not taken my course:
Just buy the stock in stages please. Do NOT buy in bulk at once. Learn to manage risk and buy with the cash that you can afford. Do not sell in loss. Average at 10% down. When you are buying a stock in cash your only aim should be to make more than 10% in a year. That's good in my books. Axis bank will give that.
Divide the cash in three: Step one: buy now. Step two: add more at 435. Step three: add more at 392.
DO NOT buy more. Your sell will be at 10% above your average.
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