HDFCBANK Shorting the mammoth
HDFCBANK has single handedly held on banknifty so far in its run up, here is a sitaution where it marked a higher high and moved back within the range, provides a low risk contrarian trade opportunity.
can go quite ugly otherwise knowing what's its doing, still worth the try :)
turnaround if it happens in this, could also be a leading indicator on things to come in banknifty in coming sessions
can go quite ugly otherwise knowing what's its doing, still worth the try :)
turnaround if it happens in this, could also be a leading indicator on things to come in banknifty in coming sessions
Note
Morning low exactly made @ the target zones, should trail some quantity here with 2185 SL for lower levels , the results are a trigger but technical s suggested well in advance.
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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.