HDFC BANK is forming a long inverse pattern which again suggests hdfc looks for greating shorting purpose. Its for learning purpose. But its very likely to fall below to follow and respect the pattern
TECHNO WATCH
CANARA BANK IS LOOKING GOOD FOR A POSITIONAL TRADE AS RSI HAS REVERSED FROM OVERSOLD ZONES WITH STRONG FORCE AND MACD IS ON THE VERGE OF A POSITIVE CROSSOVER
RESISTANCE IS NEAR 210-214 WERE ONCE TAKEN OUT WILL LEAD TO RE-ENTRY INTO THE CONSOLIDATION ZONE OF 213-293 SO GOOD POTENTIAL RETURNS AHEAD
!!WATCH OUT!!
!!FOR TRADE CALL!!
!!PLEASE NOTE TRADE...
NOTE:-
Traders,viewers and other analyst are free to express their opinion and suggestions regarding this article.
View on the Index
NIfty has formed an sysmmetrical triangle on a daily chart and it is confirmed!!.
So a break above 10930 on closing basis shall confirm the uptrend towards 11080.
If i am wrong then we shall use the upward sloping trendline...