Price action in the past few weeks has strengthened the case for an Upthrust or fakeout. Have a look at the red WRB formed last week, indicating selling pressure. Unless the price moves above the recent high of 1,465, there would be a strong case for slide to the lower Magenta line.
This stock, along with its twin HDFC Bank, account for more than 10% of Nifty weightage. Considering that both stocks do not look too bullish, there is a case for being cautious in the Nifty.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
This stock, along with its twin HDFC Bank, account for more than 10% of Nifty weightage. Considering that both stocks do not look too bullish, there is a case for being cautious in the Nifty.