HarshShivlani
Long

HDFC triangle breakout pullback

BSE:HDFC   HOUSING DEVELOPMENT FINANCE CO
The stock has broken out of an upward sloping triangle with good volumes.
The shooting star at trendline and bollinger band resistance is followed by a red candle will lead to a pullback to the breakout resistance (now support) giving us an opportunity to buy.
The RSI's overbought signal indicates the same.
A very great stock, also considering the pressure on PSU banks, private banks like HDFC would do well.
Medium and long term trend is up. (50,100,200 MA's)

Target, let your profits run until you get a clear reversal signal.
Jul 05
Trade active: Going as expected, lets see if it breaks immediate trend line and comes down for a pullback.
nice bro :)
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HarshShivlani MrAkshatP
@MrAkshatP, Thanks mate. :D
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