srinjaysingh

Crucial resistance in Hdfc

Short
NSE:HDFC   HOUSING DEVEL FIN
If resistance is not broken and then the stock can see some correction in few days.
Comment: If you look closely in smaller time frame of 5 min or 15 minute the you will probable see a cup and a handle pattern breakout with a correction taking a downtrend or flag pattern, so levels around 2335 can act as support and may decide its further direction.
Comment: resistance was broken with good volume so trade not executed

Comments

127% extension on daily points to 2434 around. Likely to stall here.
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