HDFC at Hard timesHDFC, DAILY supply & demand zone along with 100,200 sma holding the HDFC from heavy fall.
Will the demand zone and 100,200 sma will be broken down?
or will it rally towards the supply zone?
200sma
MRF TYRES & IT'S WILD MOVES AROUND 200 SMAThe 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.
Why is the 200 SMA so common for traders and analysts?
200 SMA is Widely followed by everyone. Markets react strongly in relation to it partially just because so many traders and analysts attach so much importance to it.
Nothing to Explain more about it, because everyone knows about 200 Sma.
Let's Look at MRF price Action Around 200 SMA. There Are Many Wild Moves In MRF TYRE LTD Around 200 SMA.
MRF TYRE LIMITED From Low of 401 In 2001 To High of 81400 in 2018. 81400 ( up by 20300% in 17 Years)
"This Dude Is the Only One Who Knows How To Use Rubber, While We Just Use and Flush"
Let Look at the Price & 200 Sma History Since 2000 to till date.
2015-2016
2013-2014
2011-2012
2009
2007-2008
2005-2006
2004-2005
2003-2004
2001-2002-2003
PVR Ltd. for LONG.. Wait for it.PVR Ltd is taking support at 200DMA and bulls are seen pushing it up on recent close. The script is at the top of its current trend and made high of 1436.05 and closed at 1421.20.
Current resistance zone between 1430 and 1446 which need to be broken on daily closing further up move.
I feel, Aggressive traders can think of this stock once it is above 1430 and conservative traders can bet on this after 1446 on daily close keeping stop loss at 200DMA as of now.
One can look for 1583 and 1635 as first and second target.
TATAMTRDVR can slide till 280 zoneTATAMTRDVR trading below 200 simple moving average, strong resistance zone 290/288, it has formed a gravestone doji candle formation. price action movement moving towards its support zone 278/280 zone, keeping stoploss above 295.