Long
HDFC; At important levels... How's it gonna be
HDFC
Closing price: 1974
- This is a weekly chart that we are looking at
- Strong support seen at 1866-1800 odd levels
- A breakout above the red trend line opens up the door for rise of 200-400 odd points
Strategy
- Consider buying on dips closer to 1950-1944 levels if held and volume is less during fall or
- if it gives a weekly close above red resistance line with increase in volume for
Target 1 of 2204
Target 2 2412
Keep a Stop loss 3% below your purchase price
Take care & safe trading...!!!
Closing price: 1974
- This is a weekly chart that we are looking at
- Strong support seen at 1866-1800 odd levels
- A breakout above the red trend line opens up the door for rise of 200-400 odd points
Strategy
- Consider buying on dips closer to 1950-1944 levels if held and volume is less during fall or
- if it gives a weekly close above red resistance line with increase in volume for
Target 1 of 2204
Target 2 2412
Keep a Stop loss 3% below your purchase price
Take care & safe trading...!!!
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