You can take it as either Intra or positional based on your risk appetite, but I will be aiming for a downside move in Hindzinc bcos of trendline retest and bearish nature. If you;re doing intra book partial profits in 245 zone,( positional too ) then trial the stops making it as breakeven trade :)
If trendline gets violated wait n watch, if the resistance also violated then Trade off the desk, till then its valid !
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Boooo.... NMDC shouldn't have done that right at the open, Why ?? Bcos no one could have caught that , that quicker unless the person is lightning fast.
Anyway, Go down on 15 min or 5 look for short setup's :)
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* Hind zinc , Lol not NMDC
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Even if its caught around 9.30 am 245's approx, thats a real good move to 238 for Intraday :)
@InsiderB in your experience how faithful are trendlines ? 60:40 ?
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@nsi, You can give +/- 5 depending on the tweaks or styles used to trade, To be honest there are successful traders who solely trade based on Trendlines