Ascending traingle Breakout

Apr 22, 2018

Hdfc bank had a good breakout with increasing volumes. Expecting a pullback for retesting the breakout level. Will go long at 1950-1955 area once it retests, else will enter above 1960 if it fails.

Entry - 1950-55 on retest or above 1960
SL - 1942
T1 - 1975
T2 - 1990

For study purpose.
Thanks

Apr 23, 2018

Order cancelled

Setup is negated, since the stock had gap up opening at target 1 and filled it due to volatility caused by the earning report earlier.