HDFC Short term Bull long term Bearish
Updated
1657 is the first target to break where we see the short term downtrend line and 50 day acting as resistance .
It's had 2 attempts to break the uptrend line where we saw a good clean reaction on the first attempt and
buyers stepped in .However the 2nd touch of trend line the reaction has not been as convincing.
Keen to see price action after this bounce ,would be longing this on intra day.
1358 is the next demand area IF the support is lost so flip short as per Price action in the morning.
It's had 2 attempts to break the uptrend line where we saw a good clean reaction on the first attempt and
buyers stepped in .However the 2nd touch of trend line the reaction has not been as convincing.
Keen to see price action after this bounce ,would be longing this on intra day.
1358 is the next demand area IF the support is lost so flip short as per Price action in the morning.
Trade active
1643 hit today pull back as expected from supply zone .Next attempt should be successful to break on up ...
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