EWT – NSE HDFC Is Outnumbering Sellers
Housing Development Finance Corporation accomplished the corrective structure in 2002 and formed an impulsive structure. Price is consolidating in the value area, and close above range can give us a great move to the upside.
The price is above the 200 moving average, which indicates bulls are in control. The value area range for the HDFC is 2511 – 2478.
If the price sustains above 2511, traders can trade for the following targets: +. Note that 2478 is a strong support level. In case of failure, the price will take support at the control line of the parallel channel.
We will update further information soon.
NSE INDHOTEL FUT – Trade Setup
NSE India hotel has given a crucial close near resistance of 347, and price is preparing for a breakout. Note that prices are moving above 200 EMA, which signals bullish momentum.
If NSE INDHOTEL sustains above 347, traders can trade for the following targets: .
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