Wait for the strong break on either side
Sell HDFC Bank below 810 sl 870 All targets given in chart
In Daily Time Frame it has come into the PRZ of Harmonic Trading Patterns. Bullish AB=CD as well as a Bullish Reciprocal AB=CD. In Weekly Time Frame it has come to the strong support of an Ichimoku Kumo. Both appear to be in line between yesterday's low and 1120. It could retrace back to 1200-1225 if the support levels are respected.
BTST EDUCATIONAL BUY FOR 2429,2439 SL 2405
one should keep sharp eye on movement of heavy weighted stocks, it's support resistance too, for getting confirm 5% to10% profit in options
HDFC BANK NSE : HDFCBANK : Long & Short Levels If sustains below : 2100 Short : 2077 Cover 1 : 2053 Cover 2 : 2029 If sustains below : 1930 Again Short : 1925 Cover : 1875
I would Greatly Appreciate , if you give me LIKE . Follow NEVADA TRADING to get more idea's . This is just a hypothetical example.
Shows how a stocks moves once price closes above the centre of w-pattern
Things may get worse before they get better
Simple effective idea which worked at least twice for me, hell if it can work for person like why not for you.
50 DMA crosses over 200 DMA which may signal a near term top and possible correction ahead.
possible correction ahead
THIS IS THE FOURTH PART OF THE ANALYSIS ON NIFTY -1.24% 2.32% FALL. IF YOU NOT READ THE PREVIOUS ONE 3 POSTS, PLEASE READ THE SAME FOR BETTER UNDERSTANDING. I HAVE ALSO SHARED ITS LINK BELOW. Some Lines I said in the previous post “In the process to up,There has been 2 Gaps created in the past downfall and crossed 2 Fibo support (Mentioned Below) which will stop...