Looks at Crucial Resistance point, Last time when it broke; It didn't sustain. With the Results season starting; one can expect high volatility in the stock. Reports say, small ticket and SME loan defaults have increased,I wonder how much it would impact the Bank's Bottom Line. If Strong buying with Volume is seen at current levels, one can expect a move up.
Looks like a breakout is about to happen. HDFC is the leverage of the Nation, with small pocket loans default, i wonder how much would it impact NBFC sector as whole!
Has Broken Long Term Resistance with Volume and Decisively
I think it will retest the 1460 level and then move up.
ICICI Bank has Long broken the Channel and sustained; 2 Days.
Charts suggest that Retesting 1500 and taking off to higher highs. Watch for Price action at 1500. If breakdown happens then 1450-60 could be a possiblity.
M&M at an important level. Track Auto Sector; with Relaxation in Covid norms; there is a definite upside in the medium term.
CamlinFine trading at Old resistance; if breakdown happens next support is 165; if it sustains the upside is at 195