BEARISH BAT PATTERN IN HDFC AMC

HDFC AMC IS IN BEARISH ROTATION FORMATION, AS IDEA PUBLISHED ON 03-JAN-2020. IT IS FORMING POTENTIAL BEARISH HEAD AND SHOULDERS.

STOCK HAS FORMED ANOTHER BEARISH PATTERN "BAT PATTERN"AT THE TOP OF RIGHT SHOULDER OF LONG TERM BEARISH PATTERN. WHICH ADDS MORE CONFIRMATION TO OUR BEARISH BIAS.

WE CAN ENTER SHORT AS SHOWN IN CHART AS PER TARGET 1 & 2 OR WE CAN USE BEARISH BAT PATTERN TO ENTER LONG TERM TARGETS AS PER 03 JANUARY, 2020 IDEA.