HDFC Bank | bearish next week | below 1400 investment level

There's a lot of narrative being played around HDFC ( break fds and put in HDFC, best stock of the decade etc ). Very naive way of thing. A quick view of the current levels

Post the major breakdown ( the red candle )
The yellow arrows show the bullish weeks, you can see a bullish pullback every alternate week almost.
The pink arrows show a bearish pullback after every bearish week with a very sharp correction.
this the story post breakdown. There's no way to show that this will stop until fed cuts rates.

Given it was a bullish candle last week, it's high probable to go down this week. Keeping tight sl can give good shorting opportunity. The bear attack will happen all of a sudden and will be super quick. avoid longs and wait for 1400 or below for long term investment opportunity. That might give a decent nifty like cagr in the long term.

PS: I reserve the right to be wrong. not SEBI registered.
The information on this platform/document is general and not financial advice. It is not a substitute for professional advice. Before making investment decisions, consult a qualified SEBI registered financial advisor to assess your unique financial situation and goals, as investing carries risks and past performance doesn't guarantee future results.

Comment:

Reversed to Buy as per Indicator signal

Comment:

Exited with marginal profit as it's toggling against the wall indicator ( support )

Trade closed: target reached