HDFCBANK is trading on the long-term trendline support since Mar'2020. The stock broke down from the trendline with a gap and is now retesting the trendline once again. Could this be a precursor to an impending fall in the stock in the coming days/weeks? We will be tracking the price closely and update this section as we get more info.
it has broken long term trendline and retested it on weekly chart and looks it is support at the trendline. bullish candle at current juncture will conclude the pull back. it could re-test it's previous swing high of 1500.
Sunpharma Breakout with volume and retest of the trendline now ready to move upwards it is following a upward trendline. however it has stiff resistance at 483 to 485 levels if it crosses it then it will easlily touch psychological level of 500 as there is no resistance in between. so just wait and watch to break the level of 483 to 485 then buy it for a target of 500.