HDFC NSE:HDFC has been slowly rising towards its previous high made on Jan 29.
However, the stocks has once again failed to clear the resistance around 1950 levels and is slowly moving down.
I can see a Double top formation here with negative divergence.
Looking for shorting opportunities in this stock with stop loss above recent highs and first target of around 1865.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
However, the stocks has once again failed to clear the resistance around 1950 levels and is slowly moving down.
I can see a Double top formation here with negative divergence.
Looking for shorting opportunities in this stock with stop loss above recent highs and first target of around 1865.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.