Short term market sentiment: Bearish
Even if midterm daily chart pattern looks bullish, but in short term time period HDFC looks bearish.
- After reaching a near term high at 2600, this stock is trending down since then
- From past 7 trading session, down volume is higher than up volume
- Yesterday price closed below EMA (50) and EMA (20) which indicates trend down
- MACD (26,12) crossed over which indicates down trend too
If you think HDFC won’t go much higher, then you could sell this stock at Rs.2210 with target 1 at Rs. 2100 and target 2 at Rs. 2000
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2 comments:
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