A VCP seems to be completed, BO confirms above 203 dcb, closure above 203 is needed to continue this up journey, good upmove can be seen.
Counter needs to close above 479 to start the run, the fist short term target will be 578 ie ATH and the next target will be 680. SL 427.
CUP AND HANDLE BO AND ALSO THE EXPECTED MOVEMENT WOULD HELP TO KEEP THE RISING CHANNEL INTACT T1 760 T2 790
PRICE HAS TOUCHED THE UPPER CHAANEL RSI IS SHOWING NEGATIVE DIVERGENCE DOUBLE CONVICTION T1 458 T2 465 T3 455 JUST FOR EDUCATIONAL PURPOSE
HDFC BANK: HIDDEN BULLISH DIVERGENCE ON WEEKLY CHART 2 POSSIBILITIES: 1. HDFCB STARTS TO GIVE A UPMOVE RIGHT IN THIS WEEK 2. HDFCB GOES FURTHER DOWN TOUCHES A LEVEL 1390 AND TAKE A SUPPORT AND START A BULLISH TREND
GOOD BREAKOUT, WAIT FOR THE NEXT PULLBACK TO BUY. NEXT TARGET: 1040 CAN BE BOUGHT AT DIPS AROUND 1015 OR CMP
A MOVE ABOVE OPEN SPACE TILL 100 AND THEN A MOVE DOWN IS EXPECTED.
HIND ZINC: GOOD COMMODITY GIVING GOOD UPMOVE TARGET: 326
a penant BO in progress, expecting an ATH if the BO gets successful
EW counts have been given, not sure but I feel we have completed C and it is time for Wave 1 to start, Targets are sky. Weekly close below 50 will make this analysis null and void.
RSI has broken already, time for Price to follow. Contrarian view.
Stock has made higher low and Higher high, RSI has also broken out. Major resistance is at 137 due 200 MA and horizontal resistance. Once it close above 137, a mall hickup can be seen at 140 and if overcomes that, sky is the limit for HC
A big question here, the channel top is almost reached if it reverses from here in next 1-2 weeks, it can fall sharply. Any small down-move can create a negative divergence too that will support the downfall. If this happens, we will be witnessing a beast bull, a brutal bull run, lets wait and watch for next few weeks (though this week will be a short-term upmove...
Too much time being spent near 2900, can fall till 2800 and then till 2750 too.