Wednesday 10 April 2013

Chart Update : HDFC BANK

HDFC Bank Chart:




Rule given by master Ilango:

Above HEma:- Hold Buy.
Below LEma:-  Hold sell.
Between HEma &  LEma:- Trade the supports & resistances.
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HDFC Bank has given close above all mentioned 5 days EMA. Share has turned to buy on dips scenario till it close below 5DCEMA. There is ascending triangle formation on hourly chart with breakout level as 634 . Longs can be attempted on high volume break of 634 for target of 640 ,643, 648 and 655. Please note 641-643 is an area of resistance above which weekly trend will turn up.

So,Plan your trade accordingly.

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Happy Trading.


DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.


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