Short Opportunity in HDFC BANK

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Short Opportunity in HDFCBANK over negative sentiment in BANKNIFTY.

1. High possibility to revert to 200 EMA to take support. (Mean reversion)
2. Breaking down below the 21 Period EMA
3. Negative trending RSI
4. Negative MFI trend
5. Negative sentiment in banks
Trade attivo
Entry condition triggered at 12:25 PM.
Entered short trade on HDFC BANK.
Nota
Entered HDFCBANK FEB 1640 PE
Capital: Rs. 10,000
Quantity (Lots): 550 (1)
Entry: Rs. 9.30
BANKNIFTYChart PatternsHDFCHDFCBANKindiaTechnical IndicatorsNIFTYnseshortTrend Analysis

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