HDfc BANK has been continuously been in the free fall and touching its all low in this we are watching how it is getting low and it is creating a space for the investors to in and it is a good entry level. will not recommend otheres to buy , you should ask yourself why should i buy this on others recommendation.
this may get wrong but i think the banknifty will retouch its level of 45000 and then a reversal will happen from there. as per the chart data and the area it is going to enter is the demand level as it shows in the forex.
after looking the past of the banknifty as well as the nifty we can see clearly it is at the resistant and looking for bouncing back. after many days we can expect something good from the BANKNIFTY, as well as we analysis the VIX data we can see clearly it is very volatile these days, so be cautious while punching the trade. And remember to trade wisely
in this chart as we can see, in morning phase it was increasing at a precedential rate and took the market at a new high. but when we saw when it reached at it peaks it got rejection from the seller side and the bulls got trapped inside this. let's have a good trade ahead.