HDFC, MAKE OR BREAK LEVEL (CHART# 354)
HDFC is standing at important level due to following reasons.
1. Brown trend line in chart is running since Feb 2016 (See weekly chart below).
2. It has crossed important resistance line (pink color).
3. It has small gap to fill at 2145.
4. Closing above brown TL & 2152 can help this move to 2200.
5. On Monday if moves above 2145, I will buy. If not able to sustain on Monday then will wait for it to cross this hurdle for any buy.
Weekly View
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
1. Brown trend line in chart is running since Feb 2016 (See weekly chart below).
2. It has crossed important resistance line (pink color).
3. It has small gap to fill at 2145.
4. Closing above brown TL & 2152 can help this move to 2200.
5. On Monday if moves above 2145, I will buy. If not able to sustain on Monday then will wait for it to cross this hurdle for any buy.
Weekly View
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
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Main TG t.me/priceactionchart
Automated TG : t.me/PriceActionChart_TechHub
Only way to succeed in stock market is by learning Price Action.
WhatsApp : 9717077198
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