HDFC Bank(4h) price action has formed a strong bearish T/K cross below the Kumo.
A free Chikou Span and a bearish Future Kumo further strengthens the bearish bias
The setup activates below 690.05 with downside reference levels at 683 -> 676 -> 669.
Invalidation is on a strong 4h close above 710.90
Will this heavyweight(~10% weightage) pull down Nifty in the coming days?
Comments/thoughts welcome
A free Chikou Span and a bearish Future Kumo further strengthens the bearish bias
The setup activates below 690.05 with downside reference levels at 683 -> 676 -> 669.
Invalidation is on a strong 4h close above 710.90
Will this heavyweight(~10% weightage) pull down Nifty in the coming days?
Comments/thoughts welcome
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.