Hey guys Please have a look at the chart of HDB (HDFC BANK), it seems to be in the 2nd wave of its primary degree. your inputs are highly appreciated. pls follow and like share. This chart is not a buy sell recommendation pls ask your advisor before any investment decision. Regards
After a nice move up, the price seems to be stalling. Closing my long position. Wait and watch for the next move.
HDB - Retest resistance and price in congestion zone 25.2k - 26.2k Spike volume big up x10 than average 23.4M. Entry 25.5 ST: 23.8 TP: 33.6
Look like the crash of october isnt here :) Trade at your own risk!
Hopefully we see $35 on this one. This company will likely be an absolute monster in the future.
Modi's demonetization effort has bit the Indian economy quite hard. Perhaps there is a case to be made from a long term perspective that the banking sector is a buy after the recent sell off. Given the technicals and on going chaos, I'm going to wait and see if a better buying opportunity emerges. Possible targets are the parole black lines.