Please Consult Your Financial Advisor Before Taking Any Decision. Educational Idea
NSE:HDFCBANK Sharp fall towards 2200 after market open which caused a runaway gap on the downside, only increases the probability of a short setup at 2279.15 with SL at 2290.50 and 2:1 target at 2256.45.
3:1 target at 2245.15 to be only targeted once 2256.45 has been achieved and SL to be moved slightly below entry to cover cost in case triggered.
Note: Always risk 1% of account size per trade, adjust the position sized based on it.