GREAT POSITIONAL SHORT ON HDFC(NSE)

This analysis is only for educational purposes, Invest at your own risk!

• HDFC broke its support level at price 1635 INR (approx) with a strong volume hence explaining a strong downtrend
  
• The Volume indicates that the price may even drop to its next support level at price 1200 INR just like in the case of SBIN .
  
• The On BALANCE VOLUME indicator also shows a steep downtrend and hence opens a great shorting opportunity for traders.
  
• I would suggest traders to sell when the price heads down even low hence confirming our down trend.
  
• Traders should use a trailing stop-loss to get out with profit as soon as the trend reverses.
  

Any kind of criticism is highly appreciated !
CHEERS!