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HDFC STRUCTURE BASED SELL OPPORTUNITY

HDFC STOCK HAS BEEN TRADING ON SIDE WAYS SINCE 19-MARCH-2020. STOCK HAS REACHED TO THE RESISTANCE OF THAT SIDEWAYS RANGE, WHICH SUGGESTS STOCK MAY FALL TO THE SUPPORT ZONE AGAIN. TRADERS CAN LOOK TO SELL WITH COMBINATION OF STRUCTURE RESISTANCE AND BEARISH BAT FORMATION.

SELL ENTRY: INR 1807.75
ENTRY REASON: BEARISH BAT WITH STRUCTURE RESISTANCE.
STOP LOSS: INR 1897.40

TARGET-1: INR 1683.70
TARGET-2: INR 1606.80
BatSupport and Resistance

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