HDFC Limited has just bounced up from support zone being respected from past 2-3 Months. The support zone is just above the up-gap formed as marked in the chart.
Looks a high probability setup for a move of 75-100 Rs in next couple of days.
Note - I have taken position in cash basis this analysis, avoiding options as monthly expiry is near. I am sharing my trade here for educational purposes only. Do your own risk assessment prior to entering any financial position.
Looks a high probability setup for a move of 75-100 Rs in next couple of days.
Note - I have taken position in cash basis this analysis, avoiding options as monthly expiry is near. I am sharing my trade here for educational purposes only. Do your own risk assessment prior to entering any financial position.
Trade closed: stop reached