Short HDFC with stop loss of 1860 for target of 1760
Updated
HDFC looks good for short but few things need to taken care tomorrow.
1.If it opens above 1841 and able to sustain on this point then DO NOT GO FOR SHORT POSITION, will update further after closing.
2.Opening below 1841 may show initial weakness to 1820 and once it started trading below 1815 then next level be 1860.
3. I can see volume on higher side while price is decreasing and increase in delivery percentage which indicate delivery base selling on higher side .
Note: This trade is only for risk taker because I am publishing this against market trend.
1.If it opens above 1841 and able to sustain on this point then DO NOT GO FOR SHORT POSITION, will update further after closing.
2.Opening below 1841 may show initial weakness to 1820 and once it started trading below 1815 then next level be 1860.
3. I can see volume on higher side while price is decreasing and increase in delivery percentage which indicate delivery base selling on higher side .
Note: This trade is only for risk taker because I am publishing this against market trend.
Trade active
typo mistake there its 1780 not 1860. The target of 1760 achieved now carry this trade with stop of 1780 for target of 1715 and 1650.Trade closed: target reached
target of 1715 achived
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