IT IS RESPECTING CHANNEL LINE WITH STOP LOSS OF UPPER LINE CAN GO SHORT TARGETS ARE GIVEN BUT LET DEMAND ZONE BE BROKEN ON CLOSING BASIS WITH GOOD CANDLE NOT HAMMERS IF HAMMERS ARE MADE IN DEMAND ZONE CONSIDER IT A WARNING OF TREND REVERSAL GOOD LUCK NOTE: TRADE AT YOUR OWN RISK
I think HDFCBANK has topped in a medium term. There are many things aligning up and all say that HDFCBANK's top is in. The RSI has divergence, There is a long term trendline acting as a resistance. Also in the shorter term there is resistance as well. The chart is very clear and speaks for itself. CMP: 1296.7 Stop loss: 1318 DATE: DECEMBER 22, 2019 Your trades...
SHORT TRADE IN HDFC !!(DEC FUT)!! VIEW -BEARISH ENGULFING ON DAILY CHART -RSI REVERSAL (-VE) TRADE VIEW DEC FUT SHORT@2325 STOP@2290 TARGET@2355 LOT:250 QTY:2
1. HDFC is forming an triangle on the top. 2. Triangles are 50-50 they can breakout and breakdown and keep the direction continue. 3. Taking a short trade on the edge of triangle provides you better Risk:Reward Ratio. 4. Mentioned target is small because of a support trendline is coming up there, if it breaks down that trendline in upcoming week than it can go...
Check Chart For Morn Details #Go And Watch Chart