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NeeteshJain

HDFC BANK - Channel Breakout (Sell)

Short
HDFC BANK LTD. (BSE:HDFCBANK)  
NeeteshJain  
BSE:HDFCBANK   HDFC BANK LTD.
breakout NIFTY BANKNIFTY
6
0
breakout nifty banknifty
As per the observations on Hourly chart, I have noticed three points as follow:

1. Breakout from trending channel

2. Retracement Back to 61.8 Fibs level

3. Bearish Divergence on MACD and RSI

Stop Loss: 1252
Target : 1220
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