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HDFC BANK 1:5 TRADE SETUP
HDFC BANK LTD
Viés de alta
HDFC BANK 1:5 TRADE SETUP
Por PriceActionSpotter
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27 de jan. de 2022
7
27 de jan. de 2022
HDFCBANK
has corrected around 15% from its all time high and price is currently at an important support trendline.
Price opened gap down but still made green candle in the last 2 trading sessions - showing demand as price approaches the trendline.
A 1:5 trade can be taken with a very tight stoploss.
It is important to note that script is very weak and oversold and may continue to be so.
Low probability but low risk high reward setup.
Book profits at the top of the channel and trail stoploss.
Position size accordingly. HAPPY TRADING!
Chart Patterns
HDFCBANK
lowriskhighreward
NIFTY
nifty50stock
Parallel Channel
priceaction
support
Support and Resistance
PriceActionSpotter
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