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Market-Thalaivaa
Oct 28, 2020 8:34 AM

HDFC Bank - Bearish Crab Short

HDFC BANKNSE

Description

Bearish Crab pattern seen in HDFC Bank.
This is not a very perfect pattern (looking at BD ratio).
We have considered this because of the RSI divergence along with harmonic pattern.
This is a Weak Signal + Strong Context signal.
We are expecting a 176 Rs. fall in next 15 odd days, and we will be keeping stop loss at 1260.

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Trade closed: stop reached

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