HDFC - Ranging Out from Ascending Triangle Short

Description

⋅ Aug 25, 2016 12:26 PM

On Hourly chart, the price action is ranging in an ascending triangle. With the last big red candlestick it shows weakness and indicates bearishness.

Comments

IlyasShaikh

⋅ Aug 25, 2016 3:44 PM

Good catch !!! By d way ..Neetesh bhai don't you think many stocks are making bearish pattern along with Index?

NeeteshJain

⋅ Aug 25, 2016 5:48 PM

Yes I do.