(FOR EDUCATIONAL PURPOSE ONLY)
IF PRICE CROSS AND CLOSE ABOVE 755 (BREAKOUT WITH SIGNIFICANT VOLUME),IT WILL MOVE UP TO 795
IF PRICE CROSS AND CLOSE BELOW 722 (BREAKOUT WITH SIGNIFICANT VOLUME),IT WILL MOVE DOWN TILL 678
At Resistance Zone.
Failed To Sustain Above 200 EMA.
Sell Till 399.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
For intraday traders, levels are given, it will reach 700 in coming days but remember there will be a small retracement or profit taking session in between but the overall sentiment is bullish. BUY ABOVE 640 WITH A TARGET OF 680 FOR WEEKLY POSITIONAL TRADES.
HDFC Q1 results: Decline in PAT, Net income QoQ basis.
No insights included on the moratorium loans in results.
But still being showcased as positive by media houses.
Technically stock has made a resistance level around 1080-1090 zone. Price is hovering around 200 DMA.
Volume has dissipated. Thus stock presents mixed signals.
1. If Candle breaks the...
-Pharma sector yet to rally more upto 12000, 12900, 13500
-Also it is considered as defensive sector like IT
-Currently bank nifty weightage is decreasing and pharma is having only 3.2% weightage it can go upto 5-6%