mklives

HDFC.. head and shoulders???

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NSE:HDFC   HOUSING DEVEL FIN
HDFC .. is forming a head and shoulders ..looks like it and also its close 200 and 100 dmas

might give a boucne,,but looks weak.. this can have effect on the nifty too

Note: this is my personal view only..
Comment: intraday it broke 100 dma ..looking to sell this on pullbacks to 20 dma with stop as 50 dma (1960).. looks weak
Comment: went below neck line..will it rebound?

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