Key Levels for HDFC are : t.me - JOIN TELEGRAM CHANNEL
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On HDFC Chart 4th Nov. '19 Bar has closed above the cloud and today i.e. 6th Nov. the Chikou Span indicator is also showing above the cloud. It signals a very good setup to go LONG. There has also been an unwinding of CALL Open Interest at different strike prices. Its a good sign.
HDFC is the healthiest growing Housing Finance Company in India. They have a strong balance sheet and the markets as usual expect healthy double digit growth from them this Financial Year.
The fact is, they will actually report healthy numbers but not meeting/exceeding market and analyst estimates since they received Dividend from HDFC bank in addition to stake...
There is a cup and handle formation on the hourly charts of HDFC , the stock has reversed from the neckline of the pattern but on the 15 minutes chart it has formed a double bottom formation for which the nekline forms at 2130 and if it breaks 2130 then it may try to break the neckline of cup and handle formation which is close 2147-2153 region. So the aggressive...