bhoirjanmesh3

Short Sellers Can Be In Trouble In HDFC bank

Pendidikan
NSE:HDFCBANK   HDFC BANK
In the given chart we can see that after big fall of two days,on daily price reverse back and close above the low of big red candle,which put short sellers in trouble who shorted on big red bars ,once price keep trading above the low of big red candle they will look for cover which can lead to short covering and also rally will resume

WEEKLY RSI AND DAILY RSI IS ALSO AT 40,SUPPORT EXPECTED


WITH 3 MONTHS BEEN IN FALL NEXT MONTH OR THIS MONTH CANDLE CAN BE GREEN MARK IT FRIENDS.
Penafian

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