gregferns

gregferns Updated 

Upwards channel... Should break down side...

gregferns

Plots done. Let's see

gregferns

Levels of Fibo marked... I see a downtrend only as downside breakdown of upwards parallel channel

gregferns Updated 

SBI at perfect trendline support. If it breaks then supports marked in yellow although a bit far. Also will try to cover the gap if it breaks downside. If not then upside targets marked in green. High possibilities of upside move.

gregferns

Support resistances marked.

gregferns

Support resistances marked

gregferns

Resistances and supports marked

gregferns

Support resistances marked

gregferns

Support resistances marked

gregferns

SUpport resitances marked on Weekly / Daily and 4 Hr TF

gregferns Updated 

Scrip is on a very crucial dynamic support line that has been tested many times. Highly likely to bounce back up from here. BUT IF IT BREAKS and RETESTS THE TREND LINE TO GO BACK DOWN THEN WE ARE SEEING A GOOD CORRECTION.

gregferns

At a very good support zone.. Already started a bounce back up... Let's see if it sustains the upmove to reach targets in green.

gregferns

At a very good support zone.. Already started a bounce back up... Let's see if it sustains the upmove to reach targets in green

gregferns

If breakout happens upside then target for medium term will be the gap levels.

gregferns Updated 

Updated with wedge

gregferns Updated 

HDFC LTD At a good support zone. Expecting a bounce from here. As per fibo levels stock has also retraced down to 50% from its ATH. Upwards move will make it possible to attain the tragets in green.

gregferns

On a bigger view it looks to be in a downwards wedge. Current CMP is on a support zone. If breaks below then supports marked in yellow. If goes back above then targets in green.

gregferns

Next support levels..