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RUDRA007
Apr 17, 2021 2:49 PM

HDFC BANK good short candidate Short

HDFC BANKNSE

Description

Hdfc bank spot cmp 1430

Sell on rise candidate
Currently counter is trading in corrective phase , impulse wave B of corrective phase,,
Wave C might unfold from levels of 1450 or from 1490 levels,,
Wave C might extend to levels of 1250-1200..
View gets negated above 1500 on closing basis..
Head and should pattern formation have right shoulder peak around 1460-1480 levels,,
From there it might take turn towards neck line which is around 1360 levels,,
Bearish divergence on RSi,, RSI facing Resistance of falling trendline,,,

Good short candidate...
Comments
Harshit_bhadoriya
great work, well explained in detail, let's see how does this stock reacts after a good Q4 result on Monday.
bhaveshpounikar84
@Harshit_bhadoriya bhai bullish hai
bhaveshpounikar84
are bhai stock ke result aane wale hai tu short kyu kar raha hai
long position le kal 5% upper jayega
RUDRA007
@bhaveshpounikar84, I follow my own system,, if you are willing to follow u can,, else you can ignore my view,, i think i have given enough reason to back my view,, so please
bhaveshpounikar84
@RUDRA007 ok bhai
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