HDFCBANK: Long or Short

HDFC Q1 results: Decline in PAT, Net income QoQ basis.
No insights included on the moratorium loans in results.
But still being showcased as positive by media houses.

Technically stock has made a resistance level around 1080-1090 zone. Price is hovering around 200 DMA.
Volume has dissipated. Thus stock presents mixed signals.

1. If Candle breaks the 200 DMA with heavy volume: GO long till 1200 levels.
2. If Price hovers around resistance level (1090) or falls below the line: Go short.
Trade active:
1090 levels broke.Short Call activated.


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