Long
HDFC | Multiple Frame Analysis
The weekly chart showing a clear breakout and analysed on multiple parameter as below.
Daily Chart – The range bound consolidation in stock between 2500-2700 from past 6 months. Price broken the resistance after multiple attempt and correct entry level will be retest point.
Technical Parameter – The price above all key moving average and crossover of ema 20 & 50 confirmed the bullish momentum in stock.
Volume build-up showing a strength in breakout and bullishness in stock.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be , and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Daily Chart – The range bound consolidation in stock between 2500-2700 from past 6 months. Price broken the resistance after multiple attempt and correct entry level will be retest point.
Technical Parameter – The price above all key moving average and crossover of ema 20 & 50 confirmed the bullish momentum in stock.
Volume build-up showing a strength in breakout and bullishness in stock.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be , and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Note
price at retest level, wait for positive confirmation.Trade active
Safe entry will be above Rs 2800Trade active
flag breakout, initial target will be Rs 2970 and stop loss below Rs 2800.
Note
big gap down opening due to news.Key Support at Rs 2715.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.