MakeOrBreak

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#HDFC near neckline resistance. Make or break level for the stock. #Caution. Would like to go #Short and if breaks out then use SAR and go #Long.

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Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

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Technical Analysis
🔴 Trading near the upper end of the rectangle or the box.
🟢 Breakout above the box will give a DoubleTop confirmation.
🟢 Momentum indicators, #RSIStairs, SuperTrend, MA bullish

🟡 In this overbought market all major stocks trading near ATH and give illusion of breakout every now and then. Till there is any confirmation of weakness, need to stay in the direction of trend. Still any #Long should be either through risk defined spreads or properly hedged.

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ملاحظة

Trade Update: #Short trade still active as SAR didnt hit till now.

🔴 It didn't breakout above the box. Broke down instead. Now it can slowly and steadily move down towards the lower end of the channel 2376.
🔴 Stock has made an bearish #EveningStar kind of pattern on daily scale. Any rise or spurt is a fresh selling opportunity with SL above ATH plus some buffer.