HDFC breaking out

HDFC has closed above the long respected descending trend line.
The stock can give a bullish momentum in the next trading day as the volumes are higher than the previous closing days.

On Thursday, the stock has closed above the trend line and can travel up to the target level of 2475-80.

The stock has broken over a resistance level after approx 2 months.

Support levels :- 2364, 2300
Resistance levels :- 2480, 256.


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.