HDFC has given a breakout above its previous life time high which was tested three times and now it is trading succesfully above it, volume was above average during the breakout.Now it is a good time to enter long with a stop loss.
Other indicators:- Momentum= RSI is in bullish zone i.e. above 60 on monthly, daily and weekly timeframe. Trend= ADX's value is above 25 shows strong trend. Relative Strength= HDFC is out performing both NIFTY50 and Financial Services Index.