nextgen

HDFC Bank may go channel support 1170

Short
NSE:HDFCBANK   HDFC BANK
HDFC Bank has been trading in down trend and trading in bearish channel , it saw some gain on wednesday but closed on week sign, it has touched channel resistance and may target the channel support.traders may enter short at slight higher price with a target of 1170 first target, if breaks this level next around 1125-1130 the crucial 50% fibo level.