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manavtechresearch
Oct 29, 2018 5:19 AM

DESCENDING TRIANGLE FORMING IN HDFCBANK BUT WAIT FOR IT NOV FUT Long

HDFC BANKNSE

Description

DESCENDING TRIANGLE FORMING IN HDFC BANK
BUT WAIT FOR IT
NOVEMBER FUTURES
BEAR-TRAP IN PLACE
BUY HERE MIGHT SEE BOUNCE BACK BEFORE CLOSING TODAY
IF CLOSES ABOVE 1920 THEN
BUY@1910
STOP@1895
TARGET@1955
LOT:250
QTY:3
SECOND TRADE
WE WILL SHORT @The TRENDLINE WAIT FOR IT

Trade active

As predicted market bounced back above 1920
now stop is below yesterday's low and target is open for 1955-80 levels
Comments
pratik2358
moreover 1879 is a monthly support zone , as well a spike is fine below 1870 , but its a good risk reward on long side !
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