Long term trend channel of HDFC bank suggest a crucial support levels have been achieved. volumes are found to be heavy in current up move and historically it has been seen such volume growth at trend channel bottom has lead to multi year bull rally with huge returns. Latly, 200 Volume weighted moving average retest is another confirmation of reversal as observed historically. Looks fit for a 4000+ targets.
P.S - Given is only information sharing based on publically available data & is not any buy or sell tip. Please consult your registered financial advisor before making any trade or investment.
P.S - Given is only information sharing based on publically available data & is not any buy or sell tip. Please consult your registered financial advisor before making any trade or investment.