HDFC
HDFC Attempting a breakoutHDFC attempting a breakout
Formed a 8 Month Cup & Handle Pattern
Price above 200 DMA
Earnings coming up
HDFC LTDHdfc Ltd, this stock is looking good to go long with mentioned key levels on chart, overall looks positive.
Key Levels are Mentioned on chart
Macd in Weekly Uptick and positive
Macd in daily Uptick and also above zero line
Rsi in daily uptick and near 60
Dmi adx also positive Ungali setup
Price above mid bollinger
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
HDFCLIFE - Pullback TradeThis is excellent timing for a trade-in HDFC life, considering the stock did a breakout a few weeks ago and then started pulling back to the immediate support.
Last week stock formed at spinning candle at the support zone: 717- 725.
Currently, the stock is trading around 729, and if it sustains 700 levels, it mostly is then moving towards 788 and 833 in the coming weeks and months.
Type of Trade: Long -Positional, Pullback trade.