HDFC Ltd. Swing Trading Opportunity

The counter today kissed its strong support zone around 1135 levels and managed to close above the same.Though the counter is in downtrend looking at the volumes of last couple of days possibility of bounce back cant be ruled out. At this level the counter offers a good risk-reward ratio too. Traders can long  the counter only for swing trading purpose above 1150 with strict SL of 1136 TGT 1195-1205.

Dewan Housing Finance Corporation- Inverted H&S . Will it work?

The counter after posting all time high around 570 witnessed a sharp correction. It posted a swing low around 360 mark and started to consolidate and gradually commenced its northward journey. It seems that the counter has formed an Inverted Head & Shoulder Pattern on a daily as well as weekly chart. The distance from its Head to Neckline is around Rs.120. So theoretically on the confirmation of the pattern we can have upside target of Rs.625. Lets see how the pattern works out... !!!