Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia
Download Telegram App before Joining the Channel
Technical Trading Idea
* HDFC Ltd formed a Double Bottom pattern with support on daily chart and started rebounding from last couple of sessions. We also witnessed an Inverse Head & Shoulder pattern breakout on hourly chart, which is a positive sign for the counter. Momentum oscillator RSI also turned northward on both weekly and daily scale and thus showing short term strength in the stock.
* Considering overall chart structure, we advise traders to buy the stock for an up move towards 1870 with stop-loss of 1620.
Buy HDFC Ltd 2-3 Days SL 1620 Target 1870 CMP 1703
To Read Complete Report & Disclaimer Click Here
For More Motilal Oswal Securities Ltd Disclaimer http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html SEBI Registration number is INH000000412
Above views are of the author and not of the website kindly read disclaimer