HDFC Bank has been trading in a Channel, hourly time frame. With Stock falling again from the top of the channel, looks like stock will slowly move towards 1630. One can short at current levels with stop at 1665 for a target of 1630.
Trade active
Channel Still Holds ..... Looks like a complex H&S in the making, a convincing close below 1645 needed for a target of 1600Trade closed: stop reached
Covered Shorts Today at 1672.
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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.