HDFC BANK - Hammer Candle - Result announcement on 18th July
#HDFCBANK Strong Growth in Deposits and Loans in street view. CASA is good. Since two day stock was closing below 20EMA but today closed above 20EMA with Hammer candle. Stock will be volatile due to upcoming quarter result. Today stock got support over baseline of ichimoku but still below conversion line.
Showing Bearish result in Technical Parameter:
CCI is treading down but showing reversal
MACD is treading down above 0
RSI is treading down but showing reversal
Stoch is treading down
MFI is treading down
ATR is decreasing since 3 day
Short covering
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Support : 1000 and 959
Breakdown : 1031
LTP : 1062.35
Breakout : 1080
Short Target : 1100
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Positive & Negative Point:
1) Neutral in Daily/Weekly while Bullish in monthly chart
2) Hammer candle
3) Relative Strength - sectrol index is increasing
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
Showing Bearish result in Technical Parameter:
CCI is treading down but showing reversal
MACD is treading down above 0
RSI is treading down but showing reversal
Stoch is treading down
MFI is treading down
ATR is decreasing since 3 day
Short covering
----------------------------------------------------------
Support : 1000 and 959
Breakdown : 1031
LTP : 1062.35
Breakout : 1080
Short Target : 1100
----------------------------------------------------------
Positive & Negative Point:
1) Neutral in Daily/Weekly while Bullish in monthly chart
2) Hammer candle
3) Relative Strength - sectrol index is increasing
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
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