HDFC Bank
HDFCBANK
appears weak as the stock went down even when Nifty was up around 125 points.
I can see that the stock is facing heavy resistance around 2160 levels and has formed an evening star like reversal pattern with Negative RSI divergence.
Good opportunity for option writers with stop loss a few points above 2160.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
HDFCBANK
appears weak as the stock went down even when Nifty was up around 125 points. I can see that the stock is facing heavy resistance around 2160 levels and has formed an evening star like reversal pattern with Negative RSI divergence.
Good opportunity for option writers with stop loss a few points above 2160.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.