HDFC Bank has been trading in a Channel, hourly time frame. With Stock falling again from the top of the channel, looks like stock will slowly move towards 1630. One can short at current levels with stop at 1665 for a target of 1630.
Trade aktif:
Channel Still Holds ..... Looks like a complex H&S in the making, a convincing close below 1645 needed for a target of 1600
Trading ditutup: stop tercapai:
Covered Shorts Today at 1672.