HDFC SHORT TERM SELL OPPORTUNITY

HDFC CHART IS TRADING AT PREVIOUS DAILY STRUCTURE AREA WHICH HAS PLAYED IMPORTANT ROLE (SUPPORT & RESISTANCE MULTIPLE TIMES) FOR STOCK IN PAST. CURRENTLY STOCK HAS FORMED RISING CHANNEL AT SAME SIGNIFICANT LEVEL AND ALSO GOT RSI BEARISH DIVERGENCE, WHICH SUGGESTS THAT HDFC STOCK MAY FALL FROM HERE (CMP- INR 2328).

SELL ENTRY: INR 2,330/-
STOP LOSS: INR 2,390/-
TARGET-1: INR 2,260/-
TARGET-2: INR: 2,193/- (0.382 RETRACEMENT OF LAST SWING HIGH)