HDFC Ltd after sharp decline from 890 levels to 630+ levels, stock has witnessed a sharp bear market rally.
Clearly trend is on the downside hence it advised to sell this rally towards 770-790 levels keeping a stop loss of 800 on closing basis. This rally is not sustainable going forward based on various technical studies. Some of the important trend lines are being shown on chart for understanding the logic behind this strategy.
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| HDFC Ltd - Daily Chart |
What next of hdfc
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