HDFC share technical analysis 2013

HDFC share price daily chart technical analysis

HDFC share on last trading session closed at 810 with loss.on daily chart HDFC share trend and momentum is bullish and trading above all short term averages.

on daily chart 803 is week average and first support on downside.below that 788 will be month and 3 month average levels and strong supports.above this levels traders keep long view on this stock from short term view.both rsi and cci are with bullish divergences on daily chart.

short term traders,keep long view in HDFC share and buy near 790 with stoploss 755 and expect 865 as first target on upside.

 

HDFC share price weekly chart technical analysis

HDFC share on weekly chart shows gains n this week.on chart HDFC share after touching lows near 700 recovering and now in bull trend.

on weekly chart trading above all medium to long term averages.799 is 6 month average and first support on weekly chart while 789 is 12 month average and most important level from medium term view and weekly closing basis.while 733 is 2 years average and last support on weekly chart.while on upside 840-890 and 905 are major supply zones on chart.

on weekly chart,indicators are forming bullish divergences and off the lows.

for medium term traders and investors,above 780 on weekly closing basis keep long view for first target 918+.below that expect sharp correction upto previous lows of 700-675.

 

HDFC share price monthly chart technical analysis

HDFC share on monthly chart is in absolute uptrend and after last correction momentum building on long side.

on chart 674 was 3 years average level while 545 is 5 years average level and last long term support on monthly chart.HDFC share indicators are mixed on monthly chart.

HDFC is large cap or blue chip company with good fundamentals and management.so it share must remain in your large cap portfolio with long term view.

for investors,670 was good entry zone and in upcoming time also 500-670 is accumulation zone and on upside 880 is first target while 1090 will be second or next target on chart.

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Updated: 11/10/2013 — 8:06 PM

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Pramod Baviskar

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