mklives

HDFBANK..bearish engulfing

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NSE:HDFCBANK   HDFC BANK
HDFCBANK has formed bearish engufling on daily charts.it has failed to cross 1285 1287 four times in the last one month
1287 is also the high fromed during the corporate tax cut rally.
rsi looks like negative divergence with risi dropping but price testing 1287 and failing

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