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vipulmehta817

HDFCBANK Head & Shoulders

Short
HDFC BANK (NSE:HDFCBANK)  
vipulmehta817 Updated   
NSE:HDFCBANK   HDFC BANK
Trend Analysis Chart Patterns HDFCBANK hdfcbankshort head_and_shoulder headandshouldersformation
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trendanalysis chartpattern hdfcbank hdfcbankshort head_and_shoulder headandshouldersformation
HDFCBANK has formed head & shoulders pattern on the Daily chart with 1590 as the base. The stock has broken down from 1590 base on 10 Jan.

If the breakdown continues, we can go short with the measured move target of 1508.
Order cancelled:
No clear short entry as price bounced off 1590 support zone.
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