--> TODAY I AM HERE WITH SOME RESEARCH, WHICH SHOWS THAT THERE ARE SOME POINTS WHICH TELLS US THAT HDFC BANK MAY GO UP.
1. THERE IS MORE THAN 60% DELIVERY POSITIONS WAS HELD.
2. RSI SHOWS SUPPORT LEVEL
3. BANKNIFTY MAY BREAKOUT
4. BREAKOUT IN SYMMETRICAL TRIANGLE.
--> SO GUYS, IF YOU ARE ALSO THINKS LIKE ME AND AGREES WITH MY ANALYSIS,...
--> TODAY IN POWERGRID, MORE THAN 43% DELIVERY POSITIONS HAVE BEEN ADDED, MOREOVER THERE IS A SYMMETRICAL TRIANGLE PATTERN IS FORMING. SO, HERE I BEILIEVES THAT IT WILL BREAK THE UPPER LEVELS AND WILL FGO UP.
--> HEY GUYS IF YOU AGREE WITH MY VIEW THEN PLEASE LIKE AND FOLLOW, OTHERWISE PLEASE COMMENT AND HELP TO IMPROVE ME.
THANKS FOR YOUR TIME..
After a decent pullback from its recent lows 5446.05 now at resistance at around 6300 level.
This makes an ideal short from today's closing price 6208.55 for a target of 5720 & 5450.
View negated above 6350 (Stoploss)
Bullish momentum favours the Aussie and we should see prices head higher from here on and further!
If we get a new higher low that would be a perfect entry for us to enter long all the way to the minor resistance levels at 0.72118