HDFCBANK has shown small rejections at its weekly support trend line. If it moves upwards it can be traded for 1069, as 1069-1079 is area of strong monthly resistance.
If HDFCBANK falls below 1025 comfortably, it will retest 975.
So keep close watch and follow the strategy as follows:-
In case of upward move:
Intraday traders/Short term traders can...
ICICI Bank can move towards 400-414-434. Below is my strategy for traders in this banking stock.
Wait for ICICI Bank to take a direction. It currently stands at its resistance of 380. If this moves upwards or opens with gap-up, take an entry/buy position at 386-388 only after it touches 388 atleast once.
Entry point: 388, SL: 378, Target: 400 (Intraday),...
HDFC Bank is all set to embark on its journey towards 1248-1297 followed by 1315 levels. Below is my strategy for traders in this magical stock.
When the market opens, wait for HDFC Bank to take a direction. It currently stands at its strong support of 1138. If this moves upwards or opens with gap-up, wait for it to touch 1185.20-1187 post which I...
Considering the Infrastructure push by Indian govt and the value of the company, VEDANTA is blind buy for the LONG TERM with the targets and accumulations zones as highlighted in the graph.
Kindly advise me if any info or analysis is wrong.