HDFC Bank : Looking to prove itself.
Good Day,
Hello Traders,
It is working under a channel as of now. Once it crosses 1470 and sustains , it looks good for the future.One can stay long keeping 1367 as Strict Stop Loss as this range of 1333-1367 been always been a massive support for HDFC bank.
If Banknifty had to cross 41840 all time high then HDFC bank had to move sharply towards 1600 levels in the coming months.
Good levels to buy if you get it cheaper by Rs 50/- for the long term portfolio.
Timeframe : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis , please do comments, LIKE and Follow me.
Hello Traders,
It is working under a channel as of now. Once it crosses 1470 and sustains , it looks good for the future.One can stay long keeping 1367 as Strict Stop Loss as this range of 1333-1367 been always been a massive support for HDFC bank.
If Banknifty had to cross 41840 all time high then HDFC bank had to move sharply towards 1600 levels in the coming months.
Good levels to buy if you get it cheaper by Rs 50/- for the long term portfolio.
Timeframe : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis , please do comments, LIKE and Follow me.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.