HDFC : Dragonfly Doji has appeared sideways

Price movement in February has led to formation of dragonfly doji . It has appeared sideways. Technical indicators such as RSI suggests continuation of bullish uptrend. One can get into a short term trade for moderate gains. However, it is recommended to take a long-term view only after dragonfly doji transforms into a directional candlestick - either bearish and bullish .


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