Indieconomic

HDFC | Multiple Frame Analysis

Panjang
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NSE:HDFC   None
The weekly chart showing a clear breakout and analysed on multiple parameter as below.

Daily Chart – The range bound consolidation in stock between 2500-2700 from past 6 months. Price broken the resistance after multiple attempt and correct entry level will be retest point.


Technical Parameter – The price above all key moving average and crossover of ema 20 & 50 confirmed the bullish momentum in stock.

Volume build-up showing a strength in breakout and bullishness in stock.


Thanks
-AJ

Disclaimer: The information and publications are not meant to be , and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Komen:
price at retest level, wait for positive confirmation.
Dagangan aktif:
Safe entry will be above Rs 2800

Dagangan aktif:
flag breakout,

initial target will be Rs 2970 and stop loss below Rs 2800.
Komen:
big gap down opening due to news.

Key Support at Rs 2715.


Penafian

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