hdfc bank is after being a good downtrend has printed a good down spring which is marked in chart
a spring is a classsic pattern where it trades below a support level, finds no further selling and is immediately overcome by demand
by this the bears are caught by surprise as price has turned against them ..
expecting the further targets upside
point is...hdfc bank doesn't look good for a short for sure
till then manage your risk and keep your stop loss intact
a spring is a classsic pattern where it trades below a support level, finds no further selling and is immediately overcome by demand
by this the bears are caught by surprise as price has turned against them ..
expecting the further targets upside
point is...hdfc bank doesn't look good for a short for sure
till then manage your risk and keep your stop loss intact
