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hdfc ltd.

Discussion in 'Technical Analysis' started by shwetagnema, Jun 25, 2013.

  1. shwetagnema

    shwetagnema Active Member

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    hi Shabbir,
    Please tell me if I am correct in understanding this chart. It has formed double bottom and at the second leg on 21st Jun, it has got a pin bar. so, there is a positive hope for this stock. But seeing the Nifty chart and it's downtrend, I'm not able to anticipate breakout. So, to be on the safer side, it is better to buy when it crosses 856. What's your view?
     
    shwetagnema, Jun 25, 2013
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  2. krasquinha

    krasquinha Member

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    Above 850 is the breakout.
     
    krasquinha, Jun 25, 2013
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  3. shabbir

    shabbir Administrator Staff Member

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    You should be buying with a stop loss of 800 but as current market trend is not right, you should be waiting.

    Above 850ish much safer play
     
    shabbir, Jun 25, 2013
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  4. verenmitter2001

    verenmitter2001 Member

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    whats your view on HDFC now.
    regards
    Veren
     
    verenmitter2001, Jul 10, 2013
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  5. Prescilla

    Prescilla Member

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    Hi Shabbir,

    What is your view on Karnataka Bank. There are there few dojis at the bottom and today short selling has taken place. Can I buy at a price of Rs. 115/- target 121/-

    Regards,
    PF
     
    Prescilla, Jul 10, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    No Trade zone.

    Again I will say keep one stock in one thread please.
     
    shabbir, Jul 10, 2013
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