HDFC
HDFC BankFor Educational Purpose ONLY.
A rising wedge is formed by two converging trend lines when the stock’s prices have been rising for a certain period.
Before the line converges the sellers come into the market and as the result, the prices lose their momentum.
This results in the breaking of the prices from the upper or the lower trend lines but usually, the prices break out in the opposite direction from the trend line.
Depending upon the location of the rising wedges it indicates whether the trend will continue or reverse.
HDFC BULLISHhdfc bullish above 2585 closing on 15 min time frame
forming higher low and consolidating in triangle formation
HDFC trading ideasHDFC LTD buy above 2600 target 2700+ good opportunity sl 2540 everything looks good
Nifty, Banknifty and top stocks analysis for tomorrow + levelsIn classic Monday fashion, we witnessed some selling today, but the intraday buying was strong enough for most top stocks to close considerably in the green and hold above previous close. This might be a positive sign in terms of sentiments. What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsAnother day of positivity in the markets, but all isn't as rosy this time. We saw several stocks, including ICICI Bank slipping and failing to hold on to higher levels. While this is to be expected given the market's context, it does goes to show that the bears still pose a very real threat! What's your view?
Nifty, Banknifty and top stocks analysis for tomorrow + levelsToday saw a sharp first-half selloff followed by a 50% recovery in the PM session. Could this be the first hint of the beginning of a short covering by the bears? Either way, Nifty and Banknifty, along with large caps, might be at good levels for accumulation. What's your view?