HDFC | Multiple Frame Analysis

2023년 4월 16일

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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2023년 4월 19일

노트

price at retest level, wait for positive confirmation.

2023년 4월 24일

액티브 트레이드

Safe entry will be above Rs 2800

2023년 5월 4일

액티브 트레이드

flag breakout,

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

2023년 5월 5일

노트

big gap down opening due to news.

Key Support at Rs 2715.