After the seemingly never ending uptrend, looks like HDFC Bank
HDFCBANK
is facing resistance around 2220 levels.
I can see that the stock got rejected at the trendline and also formed an Inverted hammer with Bearish Divergence.
It may come down to 2000-2100 levels.
Good opportunity to short here with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
HDFCBANK
is facing resistance around 2220 levels. I can see that the stock got rejected at the trendline and also formed an Inverted hammer with Bearish Divergence.
It may come down to 2000-2100 levels.
Good opportunity to short here with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.