HDFC Limited - 15th Jan

Today's Opening - 2530

Today's High - 2538

Today's Low - 2505

Today's Closing - 2522

Previous Day's Opening - 2535

Previous Day's High - 2556

Previous Day's Low - 2515

Previous Day's Closing - 2525

Negative closing for the past seven sessions, with above average volumes.

The 20-day Commodity Channel Index has been negative for the past four days.

The 12-day Rate Of Change has been negative for the past four days.

The 3, 10-day Moving Average Convergence Divergence has been negative for the past six days.

The 2-day Relative Strength Index has been below 2% for the past six days.

The closing has been way below the 5-day Exponential Moving Average level for the past seven days.

The closing candle continues to be below the 13, 16-day Ichimoku Kinko Hyo cloud since 9th Dec.

With almost continous lower highs and lower lows since 6th Jan, there's a falling wedge pattern formation happening. The stock might continue to fall till 2425 and then give a breakout. Good time to accumulate this long-term winner.

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