HDFC has recently broke-down a channel and descending triangle second week September. channel broke-down and support trendline are exactly matching at 2280 range. more over channel broke-down and descending triangle broke-down are indicating a target of 2000 which also matching with recent march lows.
So we can see a pull at 1980-2000 range. however this stock is trading below 200DMA and weakness is continued after post pull back of march crash.
it it comes 2000 levels again then 1600-1750 looks good for support.
So we can see a pull at 1980-2000 range. however this stock is trading below 200DMA and weakness is continued after post pull back of march crash.
it it comes 2000 levels again then 1600-1750 looks good for support.