Hdfc bank spot at 1720
Weekly time frame
Symmetrical triangle pattern
Horizontal resistance as per previous life high reversal levels,
over here life high levels would play an important role,
going ahead keep watch on daily price action, if not able to break above life high levels and sustain counter can give good retracement, of 5-7-10%
counter have already...
IEX share testing 793 levels as you can see in the chart after a good upward trend,
Now stock is testing 793 level and you can see there is a gap between 800-920,
So if stock goes above 793 you can buy this trade 800 is a strong resistance if stock break the level on tomorrow,
You can see the good upward momentum in this stock.
What's your view on this...
Ideal entry once retest of the support of successful on EOD basis
may decide to wait this one out as all indicators extremely bullish
this could easily turn into a short trade given certain conditions met
Target - 22940