HDFC BANK IN THE RECENT PAST HAS SHOWN WAVY MOVEMENT WITH UPWARD BIAS. TODAY WE HAVE SEEN BEARISH ENGULFING AND TREND REVERSAL. EXPECTED TO MOVE DOWN IN THE SHORT RUN. CREATE SHORT POSITION TODAY. DURATION 15 DAYS
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Hi sir,
it’s a good example for Engulfing pattern.
Thank you. But I have done a mistake. the entry price is 1862. by mistake typed as 1892. with rs 38 as risk and reward.
Today infact the opening is at higher level than the previous close. Till 11.40 am it has remained above previous close. We have to wait and watch to see how the stock performs.