HDFC Bank - Bullish Gartley / Failed ZEE / BlockBuster IREDADisclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
HDFC Bank: Bullish Relief in Sight
The stock has formed a bullish Gartley pattern with a Potential Reversal Zone (PRZ) at 1375-1390. This zone, backed by historical support, offers a glimmer of hope for bulls following the recent market downturn. For a continued bullish view, it's essential that HDFC Bank holds within the 1375-1390 range.
In simple words, It's important the stock stays in this range (1375-1390) for a good chance to go up. Be careful with your trades.
ZEE Entertainment: A Missed Bullish Trigger
ZEE Entertainment failed to surpass the critical levels of 250 & 300 as suggested & didn't go up as we hoped., which were essential for a bullish move. Consequently, we had to manually close this trading idea. It serves as a reminder of the market's unpredictability and the need for vigilant trigger level monitoring.
IREDA: A Stellar Run
IREDA's performance has been nothing short of spectacular, with consecutive Upper Circuits from the purchase zone of 110-112.50. Remarkably, the stock rallied from the 114-116 area to close at 169, hitting our projected target zone of 165-175. This success story provided an exhilarating experience for those who seized the opportunity, showcasing the rewards of timely and strategic trading.
As we navigate through these market dynamics, let's stay informed and strategic in our decisions. Here's to a fruitful week ahead in the markets!
From
WaveTalks
Market Whispers
