indiamarketoutlook

HDFC; At important levels... How's it gonna be

Long
NSE:HDFC   HOUSING DEVEL FIN
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...!!!

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