This stock is now at resistance zone. price previously a strong fall is noticed from top side @ath Levels, price is now in consolidation at support levels... This is the place again we have to look for continuation or reversal again to test the bottom side demand at 1240 zone of support. keep an eye on these levels.
a whopping 200 points correction in HDFC? I think it's not possible at this juncture.
IIT-Trader
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@ShortStrangler, Have you ever expected that much fall from higher levels, it takes only 5 to 6 trading sessions...to sit at bottom levels.
IIT-Trader
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@ShortStrangler, In 3 days price fall from 1700-1400 levels...and price is simply consolidation now...what to expect ??
ShortStrangler
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@IIT-Trader 1700 to 1400 levels fall was entirely news based. there was huge selling all over the world. Maybe let's see what would happen.
gowburle
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RSI Deviation has occurred and also it just came out of wedge pattern on Daily basis and which seems to be Inverse Head and Shoulder Pattern. I do not think if this gonna fall so hard without any news. I have invested in recently.