Long
if HDFC Closes above 1950, Good Long Opportunity
HDFC made Double Bottom (as seen in chart), after that it tried breaking out but was not successful, until now, if it closes above 1950 Long can be initiated with SL of 1948. Increased volume can be seen. Target 1 is the long term trend line(visible on chart) which can act as resistance.
Note
Looks like its in no mood to oblige, wait for next week. Looks like its closing too close to resistanceNote
Looks like breakout is failing as HDFC is down to 1945 intraday, can come down a lot if it closes below 1948
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.