Technical Analysis of Indian Equities by Nooresh

HDFC Bank , SBI poised crucially….


If we see in the chart the levels of 960-1000 is an important technical level with many parameters like trendlines , channels , fibonacci.
The stock needs to climb back frm closer to 1000 levels in coming weeks or in a breakdown below 960 could see 840-700 in some panic sell.

HDFC Bank :

800 zone is a very important technical level for the stock from different parameters like prev supports , fibo levels, patterns etc.

The stock needs to cover above 850 zone sooner or in a breakdown could also see 650 zones.

The above two charts are being just looked through a technical point of view . Both are in crucial stages. The above two stocks could be pivotals for the next move for Sensex which is either crossing 8300 or 9300.

Best Regards,



Article by Nooresh Merani

Nooresh has written 2787 articles.

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