i believe yes and in 2-3 days its has a potential break out strenth in 1 day-time frame it has taken suppot of 50EMA which is a usual pattern . trendline also suggests suppot . all shorts will convert to long and will potentially move the stock upward
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As discussed it went high and broke out. its testing another resistance (the bold blue line as can be seen in the chart). hopefully will see a gap up tomorrow and will see breaking the other resistance. it is going to be a rocket tomorrow in morning session. lets see.... all the best for those who invested in it.
today on 3rd march all sectors contributed in overall growth. reliance was rocket. nifty was like rocket. But HDFC was not showing much change it was later in the last hour it started showing strength.
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4th march, global panic day , gap down opening which it killed the strength. tomorrow will be decisive and it will all depend on US futures.
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again a gapdown opening today will have to wait for the US market to recover. HDFC is testing its lower levels
@navinkumarhrd,
it was a global panic day today as US market is showing sign of collapse.
HDFC didn't moved up today, neither fall down much which is a clear sign of strength.