HDFC Bank cmp 1766.30 by Weekly Chart viewHDFC Bank cmp 1766.30 by Weekly Chart view
- Weekly Support at 1705 > 1622 > 1550 with the Resistance only at ATH 1794
- Stock seems trying to sustain above trading price range 1270 to 1735 since September 2024 by breakout attempts
- Stock attempted New ATH 1788 on 26-Sept-2024 yet again failed to sustain and broke down within trading range
- Stock attempted the New ATH 1794 in the 1st week of July 2024 but again failed to sustain and price broke down
- Stock attempted to cross ATH 1757.50 in the 1st week of July 2023 and failed to sustain, came back in price range
- Stock was trading within the price range 1270 to 1735 mostly since November 2020 with some breakout attempts seen
Hdfcbankta
HDFCBANK: THE TOP IS HEREI think HDFCBANK has topped in a medium term. There are many things aligning up and all say that HDFCBANK's top is in.
The RSI has divergence, There is a long term trendline acting as a resistance. Also in the shorter term there is resistance as well.
The chart is very clear and speaks for itself.
CMP: 1296.7
Stop loss: 1318
DATE: DECEMBER 22, 2019
Your trades are your own sound decision. I'm not responsible for them.
DATE: DECEMBER 22, 2019