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.
Comment:
Gap down opening at 1787. Wait for 1800 to cross.
Comment:
t1 (1780) is breached.....but no trade yet!
Order cancelled:
Price has crossed SL of 1822 already. No trading opportunity it seems.