🔰 MY thought process :
⭐Taking multiple support from lower trendline on D chart = strong support uptrend :)
⭐If it breaks the above trendline on 1hr = a good long till the near TOP, if it sustains those areas next target will be Target-2
⭐Risk: below that power candle
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted...
Looking at the chart we can see
HDFCBANK just got a bounce from EMA200
MACD shows fairly a positive signal
Gets to break the recent high and retest the same
finally a bullish engulfing 1hr candle
which concludes that we can go long on HDFCBANK with
SL at 1472.40 which is the recent previous low just below the breakout zone
and TP at 2:1 ratio at...
BHARTIARTL is trading around it's resistance. The stock has tested the resistance many times at the same level and it can now give a breakout. We can initiate a long position when price crosses the high of breakout candle.