HDFCBANK Short IdeaNSE:HDFCBANK
Short idea
Price Reversal after test 1515 to 1500 Range
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Closed below 200 EMA on Daily time frame
Strong level between 1515 to 1500 also a psychological level
Unfilled Gap below previous trading range
Decrease in Volume
HDFCBANK trade ideas
HDFC BANK there is seen a positive divergence in hdfc bank if hold today low than we can see 1450++ level in upcoming days.
Note : This information is based on purely study purpose before taking any descion about this information please consult your financial advisor.
Thanks & Regards
Vishal
Technical Analyst
HDFC BANK -BEARISH VIEW#Moving in a beak/Pennant pattern.
#Any break down will further lead to a big fall till the next support level.
#Reverse bearish divergences seen in RSI.(more visible and relevantly seen in hourly and 15 min chart)
THIS INDICATES THAT HDFC BANK MAY further continue to fall.
#Crucial support level is 1480 below which, there might be a pennnat pattern break down.
$HDB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $HDB after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 42.86%.
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