Intraday Trade Logic in HDFCBANK on 13 Dec 2021
Intraday Trade Logic in HDFCBANK on 13 Dec 2021
While watching out chart pattern in daily basis or hourly basis i got 2 position to trade :-
After Watching out Feb 2 ,24 , March 4 ,9 candles i got Buying level i.e 1538 , As the price is sustaining the above level it was giving good RR wise proit
But As today market opened below the level (1538) i tried to watch if any i get S.S opportuniy and i got it
Similary ,
As if the price was sustained above 1538 we get good upmove wise versa if price below it good get downward good move.
watching out March 31 , Jul 8 , Aug 18 , Nov 22 , 24 , Dec 3 , 9 i got
Entry Point i.e :- 1536
SL :- 1538
Target 1520.05
Expected Target : between 1509-1505.15
Logic Behind Trailing Stoploss :- If we watch Dec 10 th opening Candle purely it's been rejected from our expected levels
Trade Executaion:-
5 min TF:-
Today Market opend below the levels . opeing candle formed with good volume
At 10:10 to 10-20 it was seen that candle is not sustaining the above levels but trade must be taken after double confirmation that's my thought process.lol
watch out volume of the 10:45 candle that sustained above 1536 is less than the previous candle
Now, i got double confirmation for shorting at 10:55 candle which has more sellers volume
so took the entry after the candle close i.e at 11 AM candle
Exited at 1509
Check out RR Ratio
IF YOU LIKE THE LOGICS PLEASE DO LIKE ...THANKING YOU .
While watching out chart pattern in daily basis or hourly basis i got 2 position to trade :-
- Buying
short Selling
After Watching out Feb 2 ,24 , March 4 ,9 candles i got Buying level i.e 1538 , As the price is sustaining the above level it was giving good RR wise proit
But As today market opened below the level (1538) i tried to watch if any i get S.S opportuniy and i got it
Similary ,
As if the price was sustained above 1538 we get good upmove wise versa if price below it good get downward good move.
watching out March 31 , Jul 8 , Aug 18 , Nov 22 , 24 , Dec 3 , 9 i got
Entry Point i.e :- 1536
SL :- 1538
Target 1520.05
Expected Target : between 1509-1505.15
Logic Behind Trailing Stoploss :- If we watch Dec 10 th opening Candle purely it's been rejected from our expected levels
Trade Executaion:-
5 min TF:-
Today Market opend below the levels . opeing candle formed with good volume
At 10:10 to 10-20 it was seen that candle is not sustaining the above levels but trade must be taken after double confirmation that's my thought process.lol
watch out volume of the 10:45 candle that sustained above 1536 is less than the previous candle
Now, i got double confirmation for shorting at 10:55 candle which has more sellers volume
so took the entry after the candle close i.e at 11 AM candle
Exited at 1509
Check out RR Ratio
IF YOU LIKE THE LOGICS PLEASE DO LIKE ...THANKING YOU .
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