HDFC BANK - Intraday Symmetrical triangle
Updated
Publishing my first trade idea. New to this. Please bare with me.
HDFC is forming a symmetrical triangle on 5 min candle. It can break up or down tomorrow.
Long position - Enter around 1206 and small target of 1219 and next target of 1230.
Short Position - Enter at the candle close of the downside breakdown. Target of 1193 and next target of 1180.
HDFC is forming a symmetrical triangle on 5 min candle. It can break up or down tomorrow.
Long position - Enter around 1206 and small target of 1219 and next target of 1230.
Short Position - Enter at the candle close of the downside breakdown. Target of 1193 and next target of 1180.
Trade closed: target reached
As I mentioned. HDFC gave a breakout and hit my both upward targets today.My theory was only for today.
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