Sunday, December 5

Technical Levels on HDFC Bank,Cipla and Reliance Capital

HDFC BANK

HDFC Bank is having trading range between 2260 to 2400 where it gets resisted by upper trend line and on downside gets support at lower trendline.Daily chart of HDFC bank is displayed below with upper and lower trend lines.
RSI is showing a clear negative divergence MACD is showing positive crossover.
Stock has formed a DOJI candelstick formation with a ambiguity within buyes and sellers to decided the furthur course of action for the stock.

Buy above 2400-2406 Tgt 2417,2434 and 2448 Sl 2388

Sell below 2389 Tgt2378,2361 and 2350 Sl 2407

Reliance Capital

Reliance …
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