Short Opportunity in HDFC BANK
Updated
Short Opportunity in HDFCBANK over negative sentiment in BANKNIFTY.
1. High possibility to revert to 200 EMA to take support. (Mean reversion)
2. Breaking down below the 21 Period EMA
3. Negative trending RSI
4. Negative MFI trend
5. Negative sentiment in banks
1. High possibility to revert to 200 EMA to take support. (Mean reversion)
2. Breaking down below the 21 Period EMA
3. Negative trending RSI
4. Negative MFI trend
5. Negative sentiment in banks
Trade active
Entry condition triggered at 12:25 PM.Entered short trade on HDFC BANK.
Note
Entered HDFCBANK FEB 1640 PECapital: Rs. 10,000
Quantity (Lots): 550 (1)
Entry: Rs. 9.30
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.