HDFCBank. Either Descending Triangle or Trendline Break

Mar 6, 2017

HDFCBank IS trading in Descending Triangle from last couple of weeks and also approaching Trend line. There can be a possibility in either way.

Long:
Above 1390
Stoploss 1377
Target 1411

Short:
Below 1363
Stoploss 1379
Target 1331

Mar 7, 2017

Trade active

Broken for Buy. Waiting for the trigger Price to get the trade active

Mar 8, 2017

Order cancelled

Making sideways movement.

Mar 13, 2017

Note

There is a lot of patience required in trade. Trade triggered on 8th 10:15 and moved slowly near to our target.