HDFCBANK looking weak (for swing trade)
Telah dikemas kini
On break of the rising wedge, the stock can give smooth down move.
There are confluence of factors favoring the downside.
1. Upper trend-line of the channel
2. Bearish Engulfing on Day chart
3. At the lower support of wedge trend line.
I am looking at downside of 3%-5% from here on. 1300 is strong support.
SL: 1435 on Dec Futures contract.
SL can be moved just above the lower trend line of the wedge if you short after breaking down.
There are confluence of factors favoring the downside.
1. Upper trend-line of the channel
2. Bearish Engulfing on Day chart
3. At the lower support of wedge trend line.
I am looking at downside of 3%-5% from here on. 1300 is strong support.
SL: 1435 on Dec Futures contract.
SL can be moved just above the lower trend line of the wedge if you short after breaking down.
Dagangan aktif
Dagangan aktif
Increased short quantity with SL at 1470Dagangan aktif
Aggressive shorting leading to fat gains with 3% move in favor. Still in the trade.Dagangan ditutup: sasaran tercapai
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.