Stock Has given a breakout on a monthly time frame. We have observed that stock has been trading in range since 2007 and now it has come out from the range. hopefully, it can give more than 100% return in the next 1-2 years. If your trading style is like swing trading for 1-2 months then skip this one. If you are okay to hold for 1-2 years, this can give great return.
Consolidating on Weekly time frame can give a great move in coming weeks.
This Stock looks very good coming out of a monthly consolidation.
HDFC Bank is consolidating at 1hr time, probability of bullish breakout in much higher in this scenario 1- After a nice bull run consolidating at resistance area. 2- Market sentiments are bullish specially in banking and finance sector.
Although the stock is in downtrend on higher time frame but it is at the lower range of channel pattern it has been following since February and taking a good support at this area (156). A swing trade can be taken from here (160) with a small stop loss of 154 and target of 190. Please Note : This will be a pull back trade we are not expecting any trend reversal...
Long opportunity in Apple for the target of 136.50