TradingEdge_Academy

HDFCBANK - BEARISH IN 30MINS

Short
NSE:HDFCBANK   HDFC BANK
HDFC BANK #HDFCBANK

- SAW AN AGGRESSIVE SELLING IN THE LAST SESSION.
- MOVING IN AN UPWARD TRENDING CHANNEL
- TAKING SUPPORT FROM 100SMA AND LOWER CHANNEL.

INDICATORS:
RSI - BELOW 40-LEVEL AND IS BEARISH
TT2 TREND IS BEARISH IN 30MINS
BSM IS CURRENTLY IN SELL-ZONE

COMMENTS:
1. SELL BELOW 1098
SL 50SMA
TGT 1091/1082/1068

2. BUY ABOVE 1111
SL 100SMA
TGT 1119/1130/1135

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
Comment: SELL TARGET 2 DONE.
TRAIL SL FOR TARGET 3.

-
Garey
Whatsapp - +91 9999 504 500