onerighttrade

Long Swing Trade Idea #28 : Buy HDFCBANK

Long
NSE:HDFCBANK   HDFC BANK
Buy HDFCBANK only above 1079 with Stop-loss at 1034 for first target of 1128. Idea is for 17th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid. Reason is RSI hidden divergence
Trade active: Got entry today
Trade closed: target reached: Target is reached, i closed 75% positions and kept stop-loss for rest at entry price. no more updates
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Comments

@onerighttrade nice one. i am on to your maruti one also. Great job!!

thanks
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onerighttrade manu1995sehgal
@manu1995sehgal, thanks and do give up thumps up to the ideas if you like any of them, i have posted more swing trades keeping charts very simple
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@onerighttrade hey thanks a lot, i saw your setup and was waiting for 1078 today bought 1120 call. Tomorrow is Q1 result if it does not mess it up surely it will go beyond target but i will play it safe. will dump it because 1125-1130 is 200 SMA zone. Again thanks and keep posting :)
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onerighttrade Natures_soul
@Natures_soul, plan is to sell 50% at target and then keep stop-loss for rest at buy price and enjoy life
Reply
Natures_soul onerighttrade
@onerighttrade, yeah but if it breaks 200 SMA surely it will retrace one again to it again, i have only 1 lot right now. will buy again
Reply
onerighttrade Natures_soul
@Natures_soul, your are right usually it happens that after a breakout, price retraces back. but to be honest, i don't know what will happen and i don't try to predict future. Trading is a game of possibility and not surety. So if I can give anyone one thing that can help, this is this idea that nothing is sure in trading. All the best
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