Bearish pattern in HDFC Ltd

-  HDFC Ltd has formed a double top pattern
- The stock has taken resistance near 1150 odd levels and the rise has been skeptical with low                volumes
-  Now stock has broken below near term trend line
-  Thus it is recommended to sell the counter around 1125 - 1135 with Stop loss of 1150 for targets of     1081/1062/1042

Daily Chart

Raju V Angadi

Equity Research Analyst

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Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets