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HDFCBank "Too Big to Fail" Nifty50 stock short squeeze on the card

  

HDFCBank Intraday Trading Chart February 26, 2024

HDFCBANK as on today current market price ₹1423.55

Open ₹1412

Resistance for the day February 26, 2024  ₹1420.60

KeyLevel to watch ₹1414.73

Good Support at ₹1395.00
HDFCBank "Too big to fail" the getting ready for a short squeeze. 

Expecting a short covering as HDFCBank trading above intraday trading resistance level.

If volume and momentum continued then expect at least 5% upside in shorter time span.

It's technical analysis update.

Do your own analysis before making any trading or investment decisions.

We also advice to go through our disclaimer page for more information.


Let's look at the updated HDFCBank intraday trading chart February 26, 2024 end of the day.

HDFCBank stock price made day high ₹1434.85. However, failed to sustain and give breakout above Fibonacci resistance 2.

Till intraday trading closing HDFCBank dragged exactly towards todays resistance as per chart above shown.

Sudden selloff reason is yet to public. But, usually this happens because of market makers positions on a particular stock.

Well, it is not dead end. It was just intraday trading session. We will keep updating our views and analysis on day to day basis for momentum intraday trading stocks. 

Meanwhile, don't forget to subscribe our blog for timely future updates.


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