1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

HDFCBank

Discussion in 'Technical Analysis' started by balakumarn, Nov 26, 2012.

Tags:
  1. balakumarn

    balakumarn New Member

    Joined:
    Nov 8, 2012
    Messages:
    4
    Likes Received:
    0
    The chart looks good and it seems to have also attained a 52 week high. What do you think? Is buying at these levels expensive?
     
    balakumarn, Nov 26, 2012
    Share #1
  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Looking good but the main thing which I noticed is in previous session it made a pin bar and today also it is negative side so I would prefer to wait and watch.

    Immediate stop is 615 according to high top high bottom.
     
    sanjay_sansanwal, Nov 26, 2012
    Share #2
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,701
    Likes Received:
    1,940
    Yes very good chart. Possible Multibagger but yes pinbar is also in place and so wait for couple of trading sessions before taking long positions.
     
    shabbir, Nov 26, 2012
    Share #3
  4. eldermanojjain

    eldermanojjain New Member

    Joined:
    Nov 26, 2012
    Messages:
    12
    Likes Received:
    0
    Occupation:
    trader
    please give some more detail for pinbar.
    thank you
     
    eldermanojjain, Nov 26, 2012
    Share #4
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,701
    Likes Received:
    1,940
    shabbir, Nov 26, 2012
    Share #5
  6. eldermanojjain

    eldermanojjain New Member

    Joined:
    Nov 26, 2012
    Messages:
    12
    Likes Received:
    0
    Occupation:
    trader
    i think it it same as doji with just one difference that doji have o=c with long tail but pinbar has allmost o==h. is it?
    thank you
     
    eldermanojjain, Nov 26, 2012
    Share #6
  7. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,701
    Likes Received:
    1,940
    Yes it is quite similar to doji but with a difference. Doji would be an ideal pinbar
     
    shabbir, Nov 26, 2012
    Share #7
  8. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,701
    Likes Received:
    1,940
    shabbir, Dec 10, 2012
    Share #8