A bearish stochastic divergence noticed in NSE:HDFC along with bearish crossover. This indicates a temporary bearish phase. Short at opening price (above 1800) for a target of 1780(t1), 1768(t2), 1755(t3). A stop loss of 1822 is recommended.
Note
Gap down opening at 1787. Wait for 1800 to cross.
Note
t1 (1780) is breached.....but no trade yet!
Order cancelled
Price has crossed SL of 1822 already. No trading opportunity it seems.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.