HDFC Bank Limited

Retracement to 1530 from current level.

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HDFC Bank is losing momentum for upside and is trading sideways from last two week. HDFC bank may give slight bounce till 1660 but will retrace to 1540 level.

One can open short position once it is around 1650 with losing momentum candle pattern. Target would be 1540.

This study is only for educational purpose.

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