HDFC | Multiple Frame Analysis

The weekly chart showing a clear breakout and analysed on multiple parameter as below.

Daily Chart – The range bound consolidation in stock between 2500-2700 from past 6 months. Price broken the resistance after multiple attempt and correct entry level will be retest point.

Technical Parameter – The price above all key moving average and crossover of ema 20 & 50 confirmed the bullish momentum in stock.

Volume build-up showing a strength in breakout and bullishness in stock.

Thanks
-AJ

Disclaimer: The information and publications are not meant to be , and do not constitute, financial, investment, trading or any other types of advice or recommendations.

Yorum:

price at retest level, wait for positive confirmation.

İşlem aktif:

Safe entry will be above Rs 2800

İşlem aktif:

flag breakout,

initial target will be Rs 2970 and stop loss below Rs 2800.

Yorum:

big gap down opening due to news.

Key Support at Rs 2715.