HDFC bank look good on weekly basis. if its close above the 1642 on daily basis go long.
as it from double bottom on weekly chart and trading near all time high.
chart seems promising.
this idea not for trading only for investment purpose at least for 6 month.
nifty short term view
its given breakout and will continue till resistance area mark
after that it may retest the breakout level and continue bullish or sideway
if the breakout level broken then it will fall.
important support and resistance marked in the chart.
SHORT NIFTY BELOW 11300 ON DAY BASIS CLOSING CANDLE UPTO 10 TRADING SESSION.
MAINTAIN STOPLOSS @11350
TARGET 1 @11100 TO 11050
TARGET 2 @10900 TO 10850
THIS IS MY INTERPATION. SO BEFORE JUMPING INTO THIS PLEASE ......
CONSULT YOUR FINANCIAL ADVISOR
THANK YOU !!!