Short HDFC Bank in range of 1040 to 1062 and stop loss 1092 for target of 991 & 960 and if able to close below 960 then super target is 768 .
Stoploss High of C and keep running for target at D asper pattern Educational Purpose only.....( even Nifty is in Overbrought Zone)
Buy at cmp add more in dips SL 290 Target 470-480 Timeframe 3-6 month Then Sell at 480 SL 510 Target 454,411
There are two reversal zone as per butterfly. The trade needs to be taken considering RSI. Based on total market performance it can be either quick entry and exit or a hold. Zone 1 PRZ1 = 1361.5 PRZ2 = 1350.35 Zone 2 PRZ1= 1329.05 PRZ2 = 1319 SL 1309.75
There are 2 patters forming. There is a huge resistance zone and it has returned from the potential reversal zone. Watch tomorrow Bearish Crab (Blue) PRZ1 = 339.3 PRZ2 = 344 SL = 354 T:331,326,320,315 Bearish Alt Shark (Violet) PRZ1 = 321.2 PRZ2 = 322 SL = 331 T:304,287
Auropharma sell.. next levels.. Based on OI, 700 720 and 740 has highest OI in order so can reverse from these level. Need to check daily and weekly to identify any patterns formed
This can trigger tomorrow before monthly comes into picture