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ReviveTraders
Jan 27, 2021 7:03 AM

HDFC bank | Trendline Breakdown 🎯 Short

HDFC BANKNSE

Description

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â­• Swing Trading opportunity ! 4hr Chart Alert !!!â­•

--short below =1429 or CMP
--Target = 1397 | 1358
--Stop-loss = 1465
--R:R =1.49
--Expected Profit = (5% )
--Expected Holding = 15 days only

#ThankU For Checking Out Our Content , We Hope U Liked IT đź“Ś

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â­•Technical Reasons to trade or Strategy applied :- â­•

1) hdfc bank has given the breakdown of trendline & support & 50ems as well
2) doji candlestick pattern & big bearish candle running
3) volumes is also decent
4) rsi divergence strategy applied

Guys check out the related ideas as well, it will work really well GUARANTEED !

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đź‘ŤLIKE if think is useful !
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Trade active

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stock moved 1.60 % ( 9k+ profit per lot ) in our favor

Trade closed: target reached

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1st Target is achieved SAFE book fully , rest modify SL to cost

sold @ 1429.30
booked @ 13872
pints earned =56
Lot Size = 550
PROFIT booked per lot = 30,800 (4 %)

Trade closed: target reached

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All targets done

sold @ 1429.30
booked @ 1358
pints earned =71
Lot Size = 550
PROFIT booked per lot = 39,000 ( 5 %)

Comment

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Comments
divyakantpandya2
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super. learned a lot from your study,.. Thank you...................i have question why you choose 4hr TF instead of day/one hr. for swing trading?
ReviveTraders
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@divyakantpandya2, I'm happy that other traders are getting from my post .......well TF don't matter a lot so I just selected 4TF casually
adi1334
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had a question for a while, how do we sell for swing? isn't short selling restricted to intraday only?
Or do I have to sell options if I want to sell for more than a day holding period...?
ReviveTraders
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@adi1334 yes you are correct, you need to sell on futures or else options your choice .. hope you got the answer.... thank you for commenting & keep supporting đź’Ş
saadpathan
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for intra?
ReviveTraders
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@saadpathan, no sir it's for swing
Stockbasket
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@tradethetip, how to take trade in cnc when stock is going down?
or we have to wait for correction.
ReviveTraders
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@Stockbasket, you can trade on futures & yeah you can surely wait for the correction , it's up to uh sir
Stockbasket
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@tradethetip, thanks sir
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