HDFC | Multiple Frame Analysis

16 thg 4, 2023

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

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19 thg 4, 2023

Ghi chú

price at retest level, wait for positive confirmation.

24 thg 4, 2023

Giao dịch đang hoạt động

Safe entry will be above Rs 2800

4 thg 5, 2023

Giao dịch đang hoạt động

flag breakout,

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

5 thg 5, 2023

Ghi chú

big gap down opening due to news.

Key Support at Rs 2715.