HDFCBANK SHORT HIGH RISK REWARD RSI &ELLIOT NEGATIVE DIVERGENCE
HDFCBANK is showing a negative divergence at RSI & ELLIOT.
RSI is at highly overbought zone .
Trend Reversal Candle stick pattern has formed in INTRADAY CHARTS in almost all TF.
One can short at Cmp of1680
TGT- 1620&1590
SL- 1702
Risk Reward 1:3
So its worth taking!
RSI is at highly overbought zone .
Trend Reversal Candle stick pattern has formed in INTRADAY CHARTS in almost all TF.
One can short at Cmp of1680
TGT- 1620&1590
SL- 1702
Risk Reward 1:3
So its worth taking!
액티브 트레이드
코멘트:
Note: Do your own study before making any position and trade according to your Risk Appetite.
매매 수동청산:
Exit at cost as i have exited this trade and i dont like the trade setup as Future is in discount and Expiry is near so we have to unnecessary pay 9 Rs premium. Thats why AVOID or EXIT!
매매 수동청산
코멘트:
Trade Setup was right, as it made a high of 1716 but wasn't able to close above 1702 mark then corrected and made a low of 1645.
Reason to close the trade was that future was at 8Rs discount so unnecessary we have to pay that discount as Expiry was near.
Reason to close the trade was that future was at 8Rs discount so unnecessary we have to pay that discount as Expiry was near.
