HDFC is about to break out to new ATH reasons: MACD is getting flatter and flatter meaning low volatility ATR is getting very Lower again indicating low volatility Bull Flag in 1H range
Bullish divergence found in LT on the daily chart. Confirmation is above 1545 with 1495 sl. Next run will be huge on breakout
Acc is on decision point 1525 is a strongest support so keep an eye on it
Beml has following a particular behavior from a long time. Stock is always pull back from their day support. Long Idea is based on it
Short term trend of HDFC is bullish, The top line of the parallel channel will act as an immediate support, if the price breaks it, then it can retrace to 1950 levels otherwise the first target will be at 2000 and second at 2010. SL should be below the upper channel level
Long term trend of HDFC is getting steeper. Wait for it to retrace to the long term trend line before adding more to it.
Trend is getting steeper, the violet trendline represents the previous slope of the trend which is the long term trend, the orange trend line shows the current slope which is much steeper.
Yesterday's Performance check here - t.me ==================================== Longed above 1956 targets were 1965/75/83. with SL 1932 All target achived. 2000 possible NSE:HDFC
HDFC - SHORT AND MEDIUM TERM STRATEGY
FOLLOWING ARE THE OBSERVATIONS IN HDFC. 1. THE DOWNMOVE FROM 2050 SEEMS TO BE AN IMPULSE WHICH SHOULD BE WAVE A. 2. IF THAT IS THE CASE, WAVE B SHOULD NOT RETRACE MORE THAN 61.8% OF WAVE A, WHICH GIVES THE MAXIMUM PRICE TO BE 1900 3. THE C WAVE IN ABC UPMOVE IN A SMALLER TIMEFRAME, WHICH IS A PART OF THE BIGGER B WAVE SEEMS TO BE MAKING AN ENDING DIAGONAL, WHICH...
It took support from bottom line of falling wadge , looking bullish , macd and rsi confirm tthe same
HDFC seems to give breakout in coming days Target can be as per chart.
HDFC is showing a possible mild bounce back on the 5 and 15 Minute Chart, the bounce back can take the stock to near around 1965-70. Stop loss should be below 1840 as that's the previous bottom and breaking this decisively would mean another 10 rs break down on the least.