Technical Calls:NIFTY,HDFC and Larsen
HDFC LTD
HDFC is forming an ascending triangle with lower trendline support @ 659 Levels and Facing upper trendline support@685.
HDFC has been in trading range and its going smaller as per ascending triangle formation.
Indicators are showing strength but break of trading range is important for any explosive upmove either on downside or upside.
On Downside levels of 640 will provide decent support.
LARSEN
LT has been on good run up after results were out ,Stock moved from 1500 levels to 1750 odd levels. …
Read the full story »
HDFC is forming an ascending triangle with lower trendline support @ 659 Levels and Facing upper trendline support@685.
HDFC has been in trading range and its going smaller as per ascending triangle formation.
Indicators are showing strength but break of trading range is important for any explosive upmove either on downside or upside.
On Downside levels of 640 will provide decent support.
Buy above 674.2 Tgt 683,692
Sell below 658 Tgt 653,646 and 639LARSEN
LT has been on good run up after results were out ,Stock moved from 1500 levels to 1750 odd levels. …
Read the full story »
posted by Bramesh at
7:19 AM
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