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NSE: BankNifty technical momentum pull back for 27000On weekly chart it shows short and trend seems to be Short, It is possible for a bounce back momentum play on long side Looking at triangle formation and Fibonacci retracement levels Possible to go long @ current level with stoploss at 26639/600 for target insight at 27000, 27112. At 27000, 27112 seems to be a possible resistance level. Technical bounce back play Levels might be possible to hit in 2-3 days Use stop loss
NSE:BANKNIFTYLong
by BlackJackCo
HDFC triangle breakout pullbackThe stock has broken out of an upward sloping triangle with good volumes. The shooting star at trendline and bollinger band resistance is followed by a red candle will lead to a pullback to the breakout resistance (now support) giving us an opportunity to buy. The RSI's overbought signal indicates the same. A very great stock, also considering the pressure on PSU banks, private banks like HDFC would do well. Medium and long term trend is up. (50,100,200 MA's) Target, let your profits run until you get a clear reversal signal.
HLong
by HarshShivlani
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