HDFCBank might have completed its correction at 1224 (end of 5th downwave). New uptrend quite possible, may go for double top at 1320 coinciding with Nifty's DT at 8980-9000 & Bank Nifty's 20600. Let's see. Today's closing should be above 1240 (89 DMA) making hammer on daily charts & with upside tomorrow resulting double hammer on weekly charts. Long positions with SL at 1220.
Komen:
Bang on target. Bumper profits booked caught the first wave (from 1224 to 1257). Vl buy again at 1240-45. As said earlier, should make hammer on daily, it is making.
Dagangan aktif:
Bingo! As mentioned yesterday, we will buy on dips at around 1240-45 & today's low is exactly 1240.10. we entered again holding on for the next round of upswing.
Dagangan aktif:
50% booked at 1255 (hourly resistance). Europe opened negative.
Dagangan ditutup secara manual:
Booked all. Price action is not strong.
Dagangan aktif:
Bang on! As anticipated yesterday, HDFC Bank making double hammer on weekly charts. Entered again on dips once Mkts stabilised. Now, high probability of gap up opening on Diwali or on Tuesday.
Dagangan ditutup secara manual:
No Gap up & strength. Closed at 1265 futures downward trendline.