The first line drawn goes back to 2009. This support zone can be easily seen with a 1W chart and happens to be s good support zone. The second line drawn is a near term support line drawn to position ourselves. In the one hour chart, you can witness a good buy towards the close of the market and the day (5/2) didn't breach the second support line drawn. This looks...
Kotak bank, after its fall post its quarterly earnings report, has retraced back quite significantly. Right now, the stock is around a resistance level. On the hourly chart, we can see some pick up in volumes traded towards the end of the day. The significant buy towards the end could make one ponder upon such an increase in volumes and might continue with the...
An uptrend line has been drawn on the chart to show the uptrend. The price can be seen heading towards the same trend line. The rectangle shows the sideway range that has been followed for months together with a final break out towards the end of December cautiously on lower volumes. However, the doubt comes in with recent fall in price on account on account of...
HDFCBANK has defended the level of 1239 quite well in the recent past. Considering the strength of the stock and limited downward move of NIFTY, this level is poised to be quite defensive again. Buy at 1240 and aim for a level of 1250 and 1255.
NSE:HDFCBANK
