HDFCBANK fut broke above cup n handle pattern on daily charts with good OI.
Risk:Reward - 1:2
Not to be missed.
Could be bought short term or positional with mentioned stoploss & target for dec/jan series.
Expanding Wedge( bearish ) on Weekly Charts but resistance is far away Showed in Blue line.
Descending Wedge ( Bullish ) on Daily Charts.
Volume on Daily Charts also suggesting Bullishness even weekly Volumes are good.
System has good Risk Reward Ratio
Cheers
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good for intraday?
Trading...
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#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good...
HDFCBANK FUT broke out of descending triangle pattern on an hourly chart with decrease in OI suggesting shortcovering.
Could be bought with mentioned stoploss & target.
hdfc bank looking super if breaks out good on channel pattern- upside momentum can be anticipated from here if breaks out. patience till the breakout happens would be part of the trading plan.
HDFCBANK FUT is on the verge of breaking & confirming 3 candle reversal pattern on an hourly chart with decent OI (long build up).
Could be bought only above said levels with mentioned stoploss & target.
Note:- those who trade in cash can adjust according to fut rates, for options buy 1620 ce adjust target & stoploss according to fut rates.
HDFCBANK FUT made 3 soldiers reversal pattern on an hourly chart.
Could be bought with mentioned stoploss & target with very good Risk:Reward ratio.
Not to be missed.
After a consolidation, HDfC bank chart breatout then retest at 200 EMA. Monday if market bullish & 15 mint candle is strong bullish then go for buy and set nearest SL....
