“SELL HDFC
BELOW 1250 TGT 1220/1190”
FOR MORE CALLS
FILL UP THE FORM GIVEN HERE>>>>>
Primary trend of
the stock is bearish and It is expected to continue the down trend with the
crossing of the support level of 1230, as the stock is sustaining below its 200
,55 days moving averages. One may initiate the short position below the
mentioned level for the targets of 1210/1190 and with the strict stop loss of 1265.
CANDLESTICKER PATTERN:
The confirmation level is defined as the midpoint of the gap between the Doji and the previous candlestick. Prices should cross below this level for confirmation.The stop loss level is defined as the higher of the last two highs. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Sensex ended with a loss of 329 points at 26,230. The indices opened at 26437, touched an
intra-day high of 26463 and low of 26182.The Nifty closed
106.points lower at 8,086. It opened at 8,153.points, hitting a high
of 8,159 and low of 8,070.
TOP
GAINERS: Eicher
Motors, Idea, Tata Power, Bajaj Auto, Ultra Cement, Cipla,
TOP LOSERS: Maruti,
Tata Motors, Asian Paints, Adani Ports, Zee Entertainment, BPCL
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