ms555
Short

HDFCBANK SHORT HIGH RISK REWARD RSI &ELLIOT NEGATIVE DIVERGENCE

NSE:HDFCBANK   HDFC BANK
102 1 4
HDFCBANK             is showing a negative divergence at RSI & ELLIOT .
RSI is at highly overbought zone .
Trend Reversal Candle stick pattern has formed in INTRADAY CHARTS in almost all TF.

One can short at Cmp of1680

TGT- 1620&1590

SL- 1702

Risk Reward 1:3

So its worth taking!
Trade active
Comment: Note: Do your own study before making any position and trade according to your Risk Appetite.
Trade closed manually: Exit at cost as i have exited this trade and i dont like the trade setup as Future is in discount and Expiry is near so we have to unnecessary pay 9 Rs premium. Thats why AVOID or EXIT!
Trade closed manually
Comment: Trade Setup was right, as it made a high of 1716 but wasn't able to close above 1702 mark then corrected and made a low of 1645.

Reason to close the trade was that future was at 8Rs discount so unnecessary we have to pay that discount as Expiry was near.
Comment removed.
ms555 shiv2798
@shiv2798, Hey but i am your master & you dance in tune of my LASH lion. So respect your Master.
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