HDFC Ltd.

The stock has reached the upper end of the Trading Range, a point where one just cannot jump into buying. Still, a potential short opportunity exists, but the trigger to go short happens only below the most recent low of 1270 .

Once it starts going below 1270, one can initiate a short with a stop around 1275 (or depending on one's risk capacity) for an initial target of 1250 and a final target of 1230.