Currently stock is trading @163.9, now its looking good for long for target of 10 points @ 174 and with a little stop loss @160.
Profit- 10 points
stop loss- 4 points.
GOOD FOR LONG.
(ALL RESEARCH IS MY OWN.)
SUN TV, today test the demand zone and again bounce back from there, with a bullish hammer candle, it can go up to 500 level again( PREVIOUS SUPPLY ZONE), lets see whats big players are planning to do.
( NOTE- i dont use any indicator in my analysis, just pure price action.)
HDFC can go up to previous trend line (RESISTANCE AREA), stock bounce back from previous demand zone, and now testing previous supply zone, if got gap up opening on monday, or break this supply area, tan there is high probability it will go to this previous trend line.