dravya

HDIL - TRIPLE TOP

NSE:HDIL   HOUSING DEVELOPMEN
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5
The stock has shown good strength with a steep rising angle.

Now it has come to the level where it will face 2nd resistance ( the 1st one it crossed by a gap up on the second attempt )

Here, again it will face pressure, look out whenever it breaks out convincingly and go long.

Go to lower timeframes if you're a short-term trader.
Comment: A broader look :

Comment: As anticipated yesterday, facing resistance at the blue line.
Comment: 23 March : Inside bar Narrow Range 4 Setup : take the direction the candle extremes are broken.
Comment: CMP _ 78.4
Will go long at 78.8
SL - 78.1

Comments

Nice Technical Analysis.
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dravya RaghuveerMunipalli
@RaghuveerMunipalli, Thanks :)
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