DESCENDING TRIANGLE FORMING IN HDFC BANK
BUT WAIT FOR IT
BEAR-TRAP IN PLACE
BUY HERE MIGHT SEE BOUNCE BACK BEFORE CLOSING TODAY
IF CLOSES ABOVE 1920 THEN
WE WILL SHORT @THE TRENDLINE WAIT FOR IT
Huge CE OI created on Friday in expectation of very positive OPEC outcome.
Though Oil Prices are rising, things could turn around fast.
If Conditions are met then a huge short covering rally wiil be seen.