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HDFC good short candidate
HDFC spot cmp 2660
Two days ago we recommended to go long around 2400 levels with targets of 2500-2550-2600-2650
all targets were achieved,,
Now seeing price action counter have given good reversal from the peak in last 60 min of todays session,,
Supply line resistance and Horizontal resistance line would act as resistance around 2695 to 2715 levels,,
Good levels to go short around this range ,, with stoploss of 2765 on closing basis
Down side targets for the same can be around 2575-2500,,
Two days ago we recommended to go long around 2400 levels with targets of 2500-2550-2600-2650
all targets were achieved,,
Now seeing price action counter have given good reversal from the peak in last 60 min of todays session,,
Supply line resistance and Horizontal resistance line would act as resistance around 2695 to 2715 levels,,
Good levels to go short around this range ,, with stoploss of 2765 on closing basis
Down side targets for the same can be around 2575-2500,,
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