HDFCBANK..upper end of channel for NSE:HDFCBANK by mklives

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HDFCBANK is at the upper end of the channel.

Comment: Double toppish on daily chart at the channel upper end,

Comments

Do not short, 5th Wave won't respect any resistance.
ATH stocks avoid short by any chance.

upper end of channel - which means it should reverse from there? Do we see levels of 1200 coming in few weeks?

champvimal

@champvimal, wait for reversal candle on daily charts, and keep SL after that
can expect 3 to 5% correction

hi which moving average is this you are using?

sudarshan0411

@sudarshan0411, simple moving avg. in log scale chart