Both sides on HDFC

Presents a great trade here. In the next week stock is likely to see a pullback to the 1320 levels as confirmed by the oversold indicators and bearish harami on the weekly charts. Also given its sharp run up a pull back is in the offing.

Any dips below 1330 is a great opportunity to buy. There is a slight resistance at 1320 levels also. So this week good shorting opportunity and after the election results a great buying chance with HDFC bank .

Short trade set up
Buy 1370 levels
Sell 1320 levels
SL 1390 levels
Risk to Reward ratio of 2.5

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.