HDFCBANK has formed head & shoulders pattern on the Daily chart with 1590 as the base. The stock has broken down from 1590 base on 10 Jan.
If the breakdown continues, we can go short with the measured move target of 1508.
If the breakdown continues, we can go short with the measured move target of 1508.
Emir iptal:
No clear short entry as price bounced off 1590 support zone.