Aditya_Singh21

GREAT POSITIONAL SHORT ON HDFC(NSE)

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NSE:HDFC   None
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!

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