Long

HDFC BANK

Updated

Time frame is 15 min @support. As per my strategy CCI & RSI above 0 is bullish and below is bearish. Just need a basic understanding of support and resistance no fancy foolishness. As per as the chart it seems like it will be near support and if the support is taken one must enter a long position with a very small SL. Regarding my trades I will short this as I prefer to trade in probabilities and only one side of the market and that is short side because I love gravity.

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Price is exactly on support area the risk here is 5 points and the reward is 35, if breakdown occurs it still is a great place to short.

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1:2 ratio is done time to move SL at COST-COST

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Shifting SL to 1:1 ratio now this is a profit trade completely even if the market reversed from this stage it will not hit any of our capital gain.

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Trade is still in progress. anything above 5-10 minutes we need skill like patience and discipline to not do anything once we have entered a trade. This is in my control and this is the area where I must focus.

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80% Target is done. It is PATIENCE IN THE PROCESS, WAIT & HUNT Psychology

Trade closed: target reached

BOOKED FULL PROFIT @1680

Trade closed manually

Trade closed: target reached

100% target reached however I had booked partial profits last week and kept few in my pockets.

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FINALLY NEW HIGH

rrithe9

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