HDFC


1. There is breakout from triangle downward side at 10:00, so taking the trade at 2163 with 100 qty.

2. Since breakout happened before 12:30 pm, we can aim for the target S2 i.e. 2126.50

3. Stop loss is just few points above black line which is inside the triangle i.e. 2190



Updates as on 11:15:

1. As we can observe, price is struggling to go down, but it is not necessary for the rally to be continuous.

2. Strong resistance can be identified below the black line, so we can continue to hold our position but we need to be cautious.




Updates as on 11:45:

1. Price hit our stop loss at 2190, so made an exit.

2. Always remember the rule ' Trend is likely to continue than reversal' . So it is better to exit at the set stop loss than to expect for reversal of trend.

3. There is always risk attached to any strategy / indicator owing to dynamic market scenario. We need to accept it and avoid maximum loss.

4. Loss - (2190 - 2163) * 100 = 2700












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