Short Opportunity in HDFC BANK

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.

Commento:

Entered HDFCBANK FEB 1640 PE
Capital: Rs. 10,000
Quantity (Lots): 550 (1)
Entry: Rs. 9.30