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Darvasbox

Hdfc ltd conditional trade...HDFC Ltd :- CMP :- 2455 Counter recently touched the levels of 2500, which is the life time high levels for the counter.. Double Top formation :- 2500 is the levels from the counter fell in last bullish move,, currently counter have made same levels and taken pause in last 2 weeks, double top formation on weekly time formation till counter remains below levels of 2500. RSI :- From past 5 years observation,, clearly seen when ever weekly RSI reach 70 levels it tends to fall to levels of 50 and 30,, same thing happens to price,, price make peak and tends to reverse with RSI,, Measured move :- Accumulation was seen in counter around levels of 1500 -2000 ,, Measured move of same range after breakout from the levels of accumulation zone is maturing around 2500 levels.. Counter can be good shorting candidate till it does not give close above 2525 levels.. Good long candidate only above 2525 levels on weekly closing basis.
HShort
by RUDRA007