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raviawade
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BANKNIFTY 78% | 7 NATURALGAS1! 11% | 1 HDFCBANK 11% | 1
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bandsandchannels candlestickanalysis crossover crossunder educational emacrossover emacrossunder movingaverage multiindicator multi-timeframe multitimeframe pineutilities technicalanalysis trendanalysis Less Tags Show All Tags
HDFC BANK -BEARISH VIEW
HDFCBANK
, 60Short
HDFCBANK: 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.

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