in last 4days banknifty gave break out of trand line and rettested this trandline and 21 may banknifty started uptrend and in support MACD indicator also given buying signal and almost cross nutralline so we can get fresh position on banknifty and banknifty stocks. few days ago i posted SBI and HDFCBANK data both are bullish now with good breakout.
HDFC BANK CHART TOUCH ITS MAJOR TRENDLINE AFTER COVID AND NOE IT IS TRYYING TO BREAK THIS TRENDLINE SO PLEASE WATCH ON IT. AND TAKE A RIGHT DECISION ACCORDING TO YOUR POSSITION. FROM HERE IT CAN BE BULLISH TOO SO WAIT FOR FEW DAYS AND TRY TO IDENTIFY TREND SIDE.
HINDALCHO IS FORMING RISING WEDGE PATTERN IN DAILY TIMEFRAME. WE NEED TO KEEP EYE ON THIS FOR A GOOD MOVE,POSSIBLITY OF DOWNSIDE 70% AND UPSIDE 30% SO WE CAN GET GOOD RETURN IF BREAKS DOWN.JUST WAIT AND FOR BREAKOUT.