siddmuk2005

HDFC Analysis

Long
NSE:HDFC   HOUSING DEVEL FIN
HDFC after long consolidation of 8 months looks bullish near breakout of descending triangle .
But immediately it got resistance after breakout and breakout retest happened.

Chart pattern and technical indicator is suggesting money flow inside HDFC hence will be bullish in mid and long term. as consolidation happened long like 8 month so breakout move will also go 4 month minimum so buy and hold for 6 month at least to get better return from this stock.

Technical indicator ROC and RSI is also bullish in daily chart .

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Comment: going good
Trade closed manually: Booked Profit

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