AS POSTED EARLIER, HDFC HAD MADE THE TARGET OF 2200.
FROM THE DAY CHART, IT IS OBSERVED THAT THERE ARE THREE WHITE SOLDIERS PATTERN. IT IS BETTER TO BE CAUTIOUS.
FROM THE HOUR CHART, A INVERTED H&S FORMATION IN PROGRESS IS OBSERVED. THIS ALSO INDICATES THAT THE PRICE COULD DROP.
THE LOW SIDE TARGET MAY BE PLACED AT 2134.
IF THE NECK LINE AT 2208 IS CROSSED AND TRADING IS DONE ABOVE THAT LIMITS, THEN ONE MAY GO LONG.
FROM THE DAY CHART, IT IS OBSERVED THAT THERE ARE THREE WHITE SOLDIERS PATTERN. IT IS BETTER TO BE CAUTIOUS.
FROM THE HOUR CHART, A INVERTED H&S FORMATION IN PROGRESS IS OBSERVED. THIS ALSO INDICATES THAT THE PRICE COULD DROP.
THE LOW SIDE TARGET MAY BE PLACED AT 2134.
IF THE NECK LINE AT 2208 IS CROSSED AND TRADING IS DONE ABOVE THAT LIMITS, THEN ONE MAY GO LONG.