18 JUL 2020
INSTRUMENT: HDFCBANK
CMP: 1098.45
TIME FRAME: DAY
EXPECTED TREND: LONG
PRICE ACTION:
EXPECTED GAP UP OPENING
TARGETS FOR THE DAY ARE:
1103.52 1120.93
CHART ANALYSIS:
THERE IS A STRONG RESISTANCE AT 1128 WHICH GOT REJECTED ON 09 JUL 2020.
MY ANALYSIS:
EXPECTING HDFCBANK TO COME BACK TO 1053 ONCE IT GETS REJECTED AROUND 1128 ON MONDAY.
SAFE TRADERS CAN SHORT HDFC BANK BELOW 1079.
RISK TRADERS CAN SHORT BELOW 1118 LEVELS
STOP LOSS FOR BOTH WOULD BE 1128.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
INSTRUMENT: HDFCBANK
CMP: 1098.45
TIME FRAME: DAY
EXPECTED TREND: LONG
PRICE ACTION:
EXPECTED GAP UP OPENING
TARGETS FOR THE DAY ARE:
1103.52 1120.93
CHART ANALYSIS:
THERE IS A STRONG RESISTANCE AT 1128 WHICH GOT REJECTED ON 09 JUL 2020.
MY ANALYSIS:
EXPECTING HDFCBANK TO COME BACK TO 1053 ONCE IT GETS REJECTED AROUND 1128 ON MONDAY.
SAFE TRADERS CAN SHORT HDFC BANK BELOW 1079.
RISK TRADERS CAN SHORT BELOW 1118 LEVELS
STOP LOSS FOR BOTH WOULD BE 1128.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.