HDFC BANK DRAGS BANK NIFTY DOWN.
HDFCBANK1.The MACD indicator in the chart shows us that the MACD line (Blue Line) has crossed the Signal line(Orange line) and moved lower indicating bearish crossover (start of bearish trend) giving us a sell signal.
2.The DMA on the chart are 9, 50DMA both are moving downwards indicating a bearish trend.
3. We can enter short positions in the stock once the low of today's candle is broken and keep our targets at the support levels
*the above info is for study purpose only*
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