HDFCBANK..upper end of channel Education

HDFC BANKNSE

Description

⋅ Nov 10, 2020 7:02 AM

HDFCBANK is at the upper end of the channel.

⋅ Nov 19, 2020 1:21 PM

Double toppish on daily chart at the channel upper end,

Comments

BlueChipStocks

⋅ Nov 11, 2020 3:03 AM

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

champvimal

⋅ Nov 10, 2020 3:24 PM

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

mklives

⋅ Nov 11, 2020 6:31 AM

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

sudarshan0411

⋅ Nov 10, 2020 7:08 AM

hi which moving average is this you are using?

mklives

⋅ Nov 10, 2020 7:22 AM

@sudarshan0411, simple moving avg. in log scale chart