HDFC completes 2.6 % fib ext and meets time cycle
Hopefully we see $35 on this one. This company will likely be an absolute monster in the future.
Expect downward momentum to accelerate fast
After a breakout from a long trending channel, the price action has formed another triangle formation that is likely to break downside in order to confirm previous resistance as new support. Target 1205-1201 SL - 1255
HDFCBAK to go Up - As long as it holds 1210 Levels. Results are good.. So today it might drop a bit more, but in a few days, I feel we are going to touch 1250-1260 Levels -- Again I'm not trading this.. I'm just going to watch if my analysis is correct SL 1209.50 ----***********************
HDFC long term trend resis still valid! 3 Peak and Dome?
HDFCBANK is forming a perfect descending triangle pattern over last 3-4 months and desperately need a breakout from the pattern. Descending triangles can breakout any side so lets wait till the breakout happens and it became more valid with 3 touches on flatline. Keep HDFCBANK in your list to look out for shorterm and if it gives ample opportunity to enter after...