HDFC BANK LTDShort
POSSIBILITY OF SHORTING HDFCBANK
HDFC Bank had crossed a major resistance and was expected to breakout from there. However, it seems it has lost the momentum and now is prepared for a short correction.
- After crossing the resistance HDFC could not last high of 1448
- RSI is now just below 50 and is going down the Moving Average of RSI, in 30 minutes chart
- Volume is in decreasing trend after crossing the major resistance, in daily chart
- Now the formation of head and shoulder pattern looks imminent visible in 30 minutes chart. If the formation fails or doesn't happen, wait and watch.
T1 - 1418, T2 - 1397, Stop loss - 1435
- After crossing the resistance HDFC could not last high of 1448
- RSI is now just below 50 and is going down the Moving Average of RSI, in 30 minutes chart
- Volume is in decreasing trend after crossing the major resistance, in daily chart
- Now the formation of head and shoulder pattern looks imminent visible in 30 minutes chart. If the formation fails or doesn't happen, wait and watch.
T1 - 1418, T2 - 1397, Stop loss - 1435
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.