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SafeTrader1976
May 22, 2018 4:09 PM

HDFC - Break Out Below Cloud. Short

Description

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.

Trade active

Today's low 1781

Comment

Taken Resistance @ 1871.

Comment

If Trade Above 1879, Exit.

Trade active

Trade active

Trade closed: stop reached

Comments
ankitdixit
shiv2798
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 ,
SafeTrader1976
@shiv2798, Thanks for ur guidance.
Aa trend line break down , looks weak.
shiv2798
@SafeTrader1976, OK , Good , Regards
SafeTrader1976
@shiv2798, I will take care of this point in future study. Thanks & Regards
SafeTrader1976
Sorry it's break down. Typo Error
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