praveen.bhatiya

HDFC Rectangle breakout

Long
NSE:HDFC   HOUSING DEVEL FIN
The stock has formed rectangle nicely with alternative touches. It has given breakout the upper line which got retested. It seems a good setup to trade the stock with small stop loss and reasonable good Risk to reward ration. One can trade the stock
Entry 1915
SL 1840
Target 2200
Risk/Reward Ratio 3.80

Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active: Buy @ 1905 fingers crossed :)
Trade closed: stop reached

Comments

Yes bought @ 1915 ...
Reply
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