Monday, November 27, 2006

HDFC
A PENNANT FORMATION, TARGET 1925...



One of the strongest counter in Sensex. And now forming the BullishPennant and my target will be at 1925 and in the next couple of trading session we'll see the completion of the pattern. Currently we're trading at the higer resistece area which the 1.618% retracement of thefall from 1420 to 962 level. If wee see the strong sustain above 1705then we might see the level of 2170 in the longer term.