Breaking out from a range of more than 6 months. Expectation of housing sector benefit from Budget. Let's go!
LICHSGFIN as per monthly chart analysis has good support at 385 level even in three previous occasions for the stock to reverse and it has three major resistance 443, 460 and 490 level. once all these are broken then the stock will fly up to 550 - 600 levels.
EXPLANATION : This is a 15 Min time frame chart of HDFC , It has formed Cup & Handle Pattern // Swing Pattern , No trading zone marked in chart . If you like this analysis of Stock give a Thumbs up // Like , let me know in comments below :)
Good Buying Opportunity In Housing Finance Ltd Buy @ 2156 TP@ 2095 SL@ 2319
Bullish Flag pattern spotted in HDFC. Yesterday's candle confirmed the breakout and price could move towards 2525 based on the pattern. Today's fall seems like a retest of the pattern.