HDFC tech indi dark cloud bear 1110 SL 1150 Target 975

[V.VEDANAYAGAM]

HDFC had dark cloud pattern which is enhanced by 14 DAY SMA and RSI
SMA run below the CMP and hence down trend of the scrip can follow
RSI shows OVER BOUGHT level . So the down trend can be expected
Hence both SMA and RSI are in tune with the DARK CLOUD pattern
TRADE PLAN HDFC SHORT ENTRY 1110
STOP LOSS 1150 (RISK 40)
TARGET 975 (REWARD 135)

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