As we can see HDFC is in support zone . andin 15 min we can see a morning star and in 30 min it create a bullish engulfing pattern. But here we can see volume was low.
NOTE: you can't take any trade based on pattern. you have to focus on volume also. Due to volume the pattern can fail sometime.
Fopr more confirmation we will create a red rectangle. after breaking that rectangle we will take a buying position for 1st target of 1460.
Support: 1434
1st resistance:1460
2nd resistance:1478
In intraday Don't short your position before break of 1434 support .Market may consolidate near support area.
Avoid to take any position between red rectangle.
NOTE: you can't take any trade based on pattern. you have to focus on volume also. Due to volume the pattern can fail sometime.
Fopr more confirmation we will create a red rectangle. after breaking that rectangle we will take a buying position for 1st target of 1460.
Support: 1434
1st resistance:1460
2nd resistance:1478
In intraday Don't short your position before break of 1434 support .Market may consolidate near support area.
Avoid to take any position between red rectangle.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.