Intraday Trade Logic in HDFCBANK on 13 Dec 2021

Intraday Trade Logic in HDFCBANK on 13 Dec 2021

While watching out chart pattern in daily basis or hourly basis i got 2 position to trade :-

• Buying
  short Selling
  

After Watching out Feb 2 ,24 , March 4 ,9 candles i got Buying level i.e 1538 , As the price is sustaining the above level it was giving good RR wise proit
But As today market opened below the level (1538) i tried to watch if any i get S.S opportuniy and i got it

Similary ,
As if the price was sustained above 1538 we get good upmove wise versa if price below it good get downward good move.

watching out March 31 , Jul 8 , Aug 18 , Nov 22 , 24 , Dec 3 , 9 i got

Entry Point i.e :- 1536
SL :- 1538
Target 1520.05