Saturday, August 20, 2011

HDFC bank ..watch it

Views of observer ..
HDFC bank weekly chart..we can see double top reversal at 509 level..
if true ..will fall more and get support at 400 and if broken then 352 level..
if we see from other angle..
it is  trading at gud upward moving trend line support..closed at 460..trading in horizontal channel 460 to 509 since last 8 months so from here we will see an upbounce upto 500 level ..
who will decide the direction..
only market  trend ..so trade according to trend..


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