BHARTIARTL has come out with it Q3 result below expectation, and that is why we saw a sharp fall on 1/02/2013, but by this kind of sharp fall it has enter into a weekly demand zone of 323.9-329.6, and it closed @ 329.4. On weekly chart it is forming HH-HL pattern that suggest even in longer term prospect BHATRIARTL is the bet. And therefore, in spite of two consecutive weekly demand zone very near by (second one 299.55-309), I would like to take a long entry @ CMP 329.4 with a stop loss of 321, for the tgt 360, risk reward ratio of 1:4 is really making me greedy.
Hi friends, Trader's Community is created for Indian Stock Market, completely based on Technical Analysis, purpose of this blog is to help traders, all kind of comment, suggestion, criticism are welcome because all these may help me to analyze better and may help traders too, and I wish to thank all my readers and followers.
Saturday, February 2, 2013
BHARTIARTL: IS THE NEXT BET EVEN FOR LONGER TERM
HDFC:After a long time in a buy zone
Hi friends, after a long long time I am updating my blog, due to lack of time I was unable to continue my blog. By the way, here is HDFC, looking almost trading at its probable reversal point, though there are two weekly demand zone (761.65-779.35, and 732.65-754.7) consecutively, and I am referring about first one, one can take a long @ current DZ (personally I would prefer 770-775 to take an entry) with a strict stop loss of 759, for tgt of 810, 830.
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