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
Long:
Above 1390
Stoploss 1377
Target 1411
Short:
Below 1363
Stoploss 1379
Target 1331
Trade active:
Broken for Buy. Waiting for the trigger Price to get the trade active
Order cancelled:
Making sideways movement.
Comment:
There is a lot of patience required in trade. Trade triggered on 8th @10:15 and moved slowly near to our target.