Previously it has taken support from 50MA and some price action can be seen again at the MA also a old trendline support is at same area. we can consider a long trade in this stock for a first target of 8-9% and 15-16% as second target.
Flag and Pole Breakout has happened and sustained. Ideally for Flag and Pole Breakout Target 2 is the length of the pole (price) from the Flag. (here it is 2877).
Cup and Handle Breakout has happened and sustained; Safe Traders can watch out for Retest, 2877 is long term Resistance, That seems to be the length of the pole
Please trade at your own risk.
Gave a buy call in HDFC on 3 Aug 2021 . Buying price was 2560 . Today's High is 2750. More targets on the way. Ready to break its ATH.
Here is the call given on 3 Aug 2021
NIFTY 50 EOD ANALYSIS -16-08-21
IN SUMMARY
O / H / L / C
16518.4 / 16589.4 / 16480.75 / 16563.05
H-L = 109
VIX 13.46 / +3.62%
FII DII: -588 Crores
CHART BASED CONCLUSIONS
Nifty closed above 16550 for the first time.
Nifty made a higher high and a higher low.
Nifty seems to be building its base around 16450-500. Dips are being bought in.
16600 appears to...
HDFC after long consolidation of 8 months looks bullish near breakout of descending triangle.
But immediately it got resistance after breakout and breakout retest happened.
Chart pattern and technical indicator is suggesting money flow inside HDFC hence will be bullish in mid and long term. as consolidation happened long like 8 month so breakout move will also...
NSE:HDFC
It has been trading in that zone since last 3 days. And today it closed below 2665.
Keep RSI indicator in watch. If it break out the 2668/2670 level and RSI also breakout that trendline then we can see an upmove in the stock and it will be a quick trade for buy side.
All other targets and levels are mentioned on the charts. Hope it is easy to...
NSE:HDFC
Simple Trade setup with levels for HDFC on 11-08-2021.
Levels and chart is easy to understand. Based on your skills and experience you can take trade on either side. If you are beginner then better to go with safe trade on breakout or breakdown of levels.
Further on daily time frame, it has tested it's previous resistance as well as breakout level...
BUY HDFC ABOVE 2685
SL 2620 DAILY CLOSING BASIS
TGT 2870 / 3500
REASON:
1> Long Consolidation Break Out after an Established Uptrend
2> Consolidation Resistance Level has been already retested
3> RSI Sustaining above 60 Level
4> Good Expected RR Ratio
NIFTY 50 EOD ANALYSIS -10-08-21
IN SUMMARY
Open / High / Low / Close
16274.8 / 16359.25 / 16202.25 / 16228.10
Trading Range Low to High: 141 points
Likely Max Realistic Opportunity @ 50%: 70.5 points
India VIX: 12.71 / +0.79%
FII DII activities: +511 Crores
CHART BASED CONCLUSIONS
Nifty made a higher and a higher low.
This higher high was in terms of the...
A very good stock with a very good chart pattern.
Looking at the current chart price , the stock looks very bullish right now.
Expecting a little pull back above the moving average.
Please do your analysis before entering any trade
looks Bullish, it has broken tringle pattern nd has been retested on a resistance zone, good for swing trade with an entry at 2669 stop loss 2526 and a target of 2876
