HDFC made a 1464 of 52 week high on 25 Nov.
Since then it is stuck in consolidation stage.
The box in the chart denotes how it is consolidating in a range of 100-120 points.
Any breakout of upside or downside will give us another 100 points rally in it.
If it breaksout downside the target is marked in the chart.
If it breaksout upside then 1564 will be target.
"Being a Trader our goal always is to find a best trade. Always try to build a plan first. Money is always secondary."
Stay safe & Happy Trade.
Note: Views only for educational purpose. Consult your financial advisor for any trade.
Since then it is stuck in consolidation stage.
The box in the chart denotes how it is consolidating in a range of 100-120 points.
Any breakout of upside or downside will give us another 100 points rally in it.
If it breaksout downside the target is marked in the chart.
If it breaksout upside then 1564 will be target.
"Being a Trader our goal always is to find a best trade. Always try to build a plan first. Money is always secondary."
Stay safe & Happy Trade.
Note: Views only for educational purpose. Consult your financial advisor for any trade.