on daily TF, BNF has made a bearish engulfing kal pahla hamla kiye to go below its low, par trendlinewa bachai liye aaj dusra hamla ho sakat hai tor do supportwa banknipty
on daily TF, BNF has made a bearish engulfing kal pahla hamla kiye to go below its low, par trendlinewa bachai liye aaj dusra hamla ho sakat hai tor do supportwa banknipty View attachment 46142
Stock to watch in coming 6 months is Godrej Consumer Products. It has appointed Mr Sudhir Sitapathi ( from Hindustan Unilever ) as its new MD and CEO. Past data shows that when the consumer product company appoints a new CEO from outside, the stock appreciates substantially in next 1 year......hopefully the same happens with Godrej Consumers.Mr Sitapathi will join after 6 months but stock has taken an advance start before his joining.......
Seems HDFC bank has changed trend to UP (short term). 200 SMA (on 1 minute chart) is below and 1470 resistance is now support. It may retest 1470 and continue up. But break-down from 1470 in my view signals continuation of down trend.