Piyush-Gupta

HDFC, MAKE OR BREAK LEVEL (CHART# 354)

Long
NSE:HDFC   HOUSING DEVEL FIN
1186 views
30
HDFC is standing at important level due to following reasons.
1. Brown trend line in chart is running since Feb 2016 (See weekly chart below).
2. It has crossed important resistance line (pink color).
3. It has small gap to fill at 2145.
4. Closing above brown TL & 2152 can help this move to 2200.
5. On Monday if moves above 2145, I will buy. If not able to sustain on Monday then will wait for it to cross this hurdle for any buy.

Weekly View

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Piyush Gupta