1) HDFC Bank is in higher high and higher low structure.
2) HDFC Bank is a strong stock as its chart pattern suggest.
3) It has already breakout its resistance and all time high as well
4) It is retraced back to its 50EMA and its support breakout point.
5) It has RS positive.
Buy- 1815, SL - 1764
TGT - open
As we see overall Indian market is being negative.
1) The structure of nifty 500 is not good.
2) Nifty 50 is already broke inverted head and shoulder pattern.
3) Banknifty structure is little better but having low high structure.
4) Mid cap better than nifty 50.
5) NityIT is showing strength. it has already breakout its all time high and retracing back on...
Sun Pharma is making range on 50 EMA.
It has 12% retracement from top and taken support on 50 EMA.
RS is Positive, and sector RS is also positive, sector breakout.
Entry - 1835
first Target - 1955, SL-1770
Icici Bank is strong stock and it has made higher high and higher low pattern and it has broken its resistance. Buy above 890, sl 841 fiest target 936 and new high.
Apollo hospital has given breakout pull back and breakout pullback and then breakout and pulling back. it's rs is strong positive. if it breakout again above 5315, sl 4995, first target 5900 and second target may be new high
Godrej CP has breakout it's head and shoulder patter, and it's RS resistance line also. Buy above 958, sl- 887(aggressive traders)/835(conservative traders). First target is 1115, second target is 1265. NSE:GODREJCP
