TradingView
JayChhatbar
Jul 23, 2019 9:50 AM
#IDFCFIRSTB broken daily support level with H&S pattern
Short
NSE:IDFCFIRSTB
1D
IDFC FIRST BANK
NSE
Description
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Jul 23, 2019 9:50 AM
#IDFCFIRSTB broken daily support level with H&S pattern. Entered in short position
@39
.20 with a stop loss of 40.50. The initial target is 1:2
@36
.60.
Trade active
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Jul 23, 2019 9:51 AM
Comment
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Jul 24, 2019 5:24 AM
Trail stop loss to 39.50. only 0.30 point risk left in this position.
Trade closed: target reached
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Jul 27, 2019 5:47 PM
After our target 36.60 was achieved the second day.
Support and Resistance
Head and Shoulders
idfcfirstbank
short
head_and_shoulder
Comments
UrvishShah
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Jul 24, 2019 9:41 PM
what should be the final target of this pattern
JayChhatbar
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Jul 27, 2019 10:18 AM
@UrvishShah
, as per my risk management stop was 40.50 and target is 1:2. Try to book half at 1:1 carry half till 1:2. After that book another half , so total 75 booked. Start trailing with 25% till your stomach is full
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