mklives

HDFCBANK..upper end of channel

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NSE:HDFCBANK   HDFC BANK
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.
+1 Reply
upper end of channel - which means it should reverse from there? Do we see levels of 1200 coming in few weeks?
Reply
mklives champvimal
@champvimal, wait for reversal candle on daily charts, and keep SL after that
can expect 3 to 5% correction
+1 Reply
hi which moving average is this you are using?
Reply
mklives sudarshan0411
@sudarshan0411, simple moving avg. in log scale chart
Reply
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