So this is an huge stock for Nifty as well as Bank Nifty.
HDFC Bank is at its Major Resistance, If the Channel Resistance not Sustained then we may see 1620 Level soon.
If the Channel Resistance is broken then we may see 1950/2000 Coming in Long Term.
For Short Position.
SELL HDFC BANK
STOPLOSS : 1800
TARGET : 1620/1600
NOTE : This is for Educational Purpose, Please contact your financial Advisor for the Trade you Plan.
Have A Profitable Day Traders.