Correction in HDFC Bank Short

HDFC BANKNSE

Description

⋅ Jul 2, 2020 7:10 PM

-HDFC bank has touched the upper band of channel
-shooting star appeared today, RSI almost overbought and price closed below VWAP
it indicates price fall in coming days.

TARGET 1 : 1050
If weakness continues, TARGET 2 : 1020
STOP LOSS : 1120

**These are my personal observations. Please trade at your own risk.***

Trade active

⋅ Jul 14, 2020 4:12 AM

First Target HIT...!!!!

Trade closed: target reached

⋅ Jul 16, 2020 9:45 AM

REACHED CLOSE TO SECOND TARGET..!!

Comments

abhinayj

⋅ Jul 16, 2020 9:44 AM

Today it hit as low as 1034. Good time for profit booking.

sivasou008

⋅ Jul 14, 2020 10:20 AM

The candle today look like indecision

abhinayj

⋅ Jul 14, 2020 12:22 PM

@sivasou008, correct. It could bounce back from here. will come to know in coming days.

abhinayj

⋅ Jul 14, 2020 4:13 AM

First Target HIT...!!!!..It might take support here.