HDFC BANK
AT CRITICAL SUPPORT
Now this stock formed Double Bottom at 1002 after ther fall from 1074 which is the Double Top resistence of 1075 and i feel it'll be weak in the near term, unless it wont cross abobe 1045. If 1002 is takes off then it'l test the 7 month old bull trendline which is connected the lows of 620-695 and if the trendline breaks then we'll see the level of 850. Leading indicators are all pointing towards weakness. Strength will come only above the level of 1045-1050.
AT CRITICAL SUPPORT
Now this stock formed Double Bottom at 1002 after ther fall from 1074 which is the Double Top resistence of 1075 and i feel it'll be weak in the near term, unless it wont cross abobe 1045. If 1002 is takes off then it'l test the 7 month old bull trendline which is connected the lows of 620-695 and if the trendline breaks then we'll see the level of 850. Leading indicators are all pointing towards weakness. Strength will come only above the level of 1045-1050.
posted by Naveen Pantera at 7:52 PM
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