srikantsoni

HDFCBANK - Island formation

Long
NSE:HDFCBANK   HDFC BANK
Keeping the FII hype aside, I am expecting a 3rd Island formation. Stay long until there is a gap down.
If no gap down and price going downward I would see if there is close below 2080 with good volumes before exiting the long position. Close below 2053 (the high before gap-up ) should be SL.
Order cancelled: Did not initiated, opened gap up and trading down.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.