HDFC

١٣ يوليو ٢٠٢١

After a long consolidation for almost 6 months , the stock has formed an triangular structure and has given a breakout with good intensity of volume in hourly time frame, assuming wave e to be complete around 2400-2440 area , one can buy the stock on cmp and add on dips if any, maintain the stoploss of 2350 and look for the target of 2626, 2793, 2929, and 3050.

Wave Structure in daily time frame

Key Levels and Trendline

Daily MACD Uptick and positive crossover

Hourly MACD

Rsi above 60 in hourly

Positive ungali setup

Volume is above average


Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing