balaji_damo
Short

HDFCBANK - Short idea

NSE:HDFCBANK   HDFC BANK
This stock has formed a bearish Harmonic pattern . Yesterdays wild move has already achieved all the targets.

We are looking for a re-entry here.

Go short at or below 1875 with SL at 1900 for T1 - 1860 T2- 1849 and T3 - 1837

Alternatively go short on 1940CE at 10 and 1840PE at 10 together for 10000INR in 10 days.
Dec 21
Trade active
Dec 29
Trade closed manually: Made low of 1851.15 and spot was 1878.05 on Dec expiry fetching 10000 INR on options.
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