Key Levels for NIFTY50 : INTRADAY CHART ANALYSIS
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As shown here, HDFC did followed our move, now will see whats next, hdfc is up on touching new heights of upto 1003. Positional and Intrday as well, as i always say positional is once Intraday so Buy above 962.50 for steep targets of...
1. HDFC Bank Price took the reversal from 78.6% retracement level from the previous low on Hour Chart.
2. On Drawing AB-CD Pattern on the same.
3. On complete formation AB-CD Pattern, D Point will be the reversal level.
Assuming BD = 1.27 , D = 887
Assuming BD = 1.61 , D = 901
Assuming BD=1.00 , D=877 (If Double Top Formation Happen)
4. As we know RBI have...
1. As mentioned in my previous study we are now at reversal level (Link is mentioned below).
2. ON Drawing Cypher Pattern on the previous AB-CD Level.
3. to satisfy, cypher Pattern level 78.6% level will be the reversal level , D= 850.
4. Sell Below 897 Target: 888 , 882( Trend Line Collision Level).
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onth frame suggest, the stock still have some upside but it should be a trade ooportunity to shrt on rally
and not buy on dip
broad trend weak and the current pullback is something which will not be easy to sustain
aas long as 1040 monthly not kick out
Is HDFC out of bottom base consolidation? Looking at the chart says 1486 been a great support level. And today stock broke its resistance level at 1697. Confirming it whether the stock is in an uptrend is hard. Because of RSI already above 80 and in May the same happened and bought back stock to above said support level.
Better to watch, rather invest at this moment.