mklives

HDFC.. near critical resistance

Long
NSE:HDFC   HOUSING DEVEL FIN
HDFC temporarily moved above its important resistance around 2015 zone
going by the chart is has formed a strong base and has been sideways when nifty was moving up
and today closed strong even nifty became weak in the later part of the day

similar chart setup was seen in pidilite and i have shown a comparison
i feel HDFC is going to be the leader of the nifty when banks are correcting