$NIFTY $SENSEX Ichimoku Trade of the Week $HDFC Day Trade. On March 27, we received a 7 Time frame Ichimoku Buy Email alert for $HDFC.EQ-NSE, Housing Development INR2. Here is the email alert received.
Our trading plan only allows us to trade Strategy #4. Looking at the email alert, we only had one time frame we can trade which is the 30m. Below is the 30m chart provided by TradingView.
The 30m chart shows the Entry=1474.06, Initial Stop of 1450.99, and Preserve Mode of 1497.46.
On March 28, we entered Preserve mode. In preserve mode, you take either 50% or 75% of your positions off and tighten your stop. The trade was exited at a price of 1518.75.
Both instruments indicate the Chinese stock market is bullish. However, it is not trending yet. both instruments are at the major resistance but haven’t broken it yet.
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