HDFCBank might have completed its correction at 1224 (end of 5th downwave). New uptrend quite possible, may go for double top at 1320 coinciding with Nifty's DT at 8980-9000 & Bank Nifty's 20600. Let's see. Today's closing should be above 1240 (89 DMA) making hammer on daily charts & with upside tomorrow resulting double hammer on weekly charts. Long positions with SL at 1220.
Комментарий:
Bang on target. Bumper profits booked caught the first wave (from 1224 to 1257). Vl buy again at 1240-45. As said earlier, should make hammer on daily, it is making.
Сделка активна:
Bingo! As mentioned yesterday, we will buy on dips at around 1240-45 & today's low is exactly 1240.10. we entered again holding on for the next round of upswing.
Сделка активна:
50% booked at 1255 (hourly resistance). Europe opened negative.
Сделка закрыта вручную:
Booked all. Price action is not strong.
Сделка активна:
Bang on! As anticipated yesterday, HDFC Bank making double hammer on weekly charts. Entered again on dips once Mkts stabilised. Now, high probability of gap up opening on Diwali or on Tuesday.
Сделка закрыта вручную:
No Gap up & strength. Closed at 1265 futures downward trendline.