SafeTrader1976
Short

HDFC - Break Out Below Cloud.

NSE:HDFC   HOUSING DEVEL FIN
Trend Line Break Out.
Price Below Cloud.
Price Below 50 % Fibo.
21 EMA As Resistance.
Positional View.
Other Details Mentioned In Chart.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
May 23
Trade active: Today's low 1781
Jun 05
Comment: Taken Resistance @ 1871.
Jun 07
Comment: If Trade Above 1879, Exit.
Jun 08
Trade active
Jun 19
Trade active
Jun 22
Trade closed: stop reached

Comments

But look at the Cloud , its very thin and most likely it will bounce form here and move up , Ichimumko theory says if the cloud is thick its not going up it will be heading for long term down trend , here i dont see that thick cloud ,
Reply
@shiv2798, Thanks for ur guidance.
Aa trend line break down , looks weak.
Reply
shiv2798 SafeTrader1976
@SafeTrader1976, OK , Good , Regards
Reply
@shiv2798, I will take care of this point in future study. Thanks & Regards
Reply
Sorry it's break down. Typo Error
Reply
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