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vnagaraj0803
Apr 19, 2022 4:58 AM

HDFC - Look for signal before buying Long

HDFC BANKNSE

Description

HDFC is falling at a rapid pace for the time being. However, as mentioned on the chart, the RSI at 4H TF is trying to tell a different story.

The volume delivery for the last week is trending at ~65% for both the instruments which infers to increasing interest levels on the buy side

The Twins needs to be on watchlist and wait for a reversal confirmation.

this is just my observation.

Let me know your thoughts in the comments section
Comments
famousdentist
I feel..within a month...this wil rebound back to original level
vnagaraj0803
@famousdentist, I am with you on this !! Lets see how it goes.
jeeteshjain9999
For more confirmation check for divergence which already have appeared on smaller TF
vnagaraj0803
@jeeteshjain9999, Thanks Jeetesh. Let me have a check.
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