Long-term trendline break on HDFC. Positional trade.
The stock seems to be on the verge of breaking out of a long-term trendline resistance. More upside expected in the coming days.
Also, the housing market could be poised for a recovery. As a result, housing finance as a sector can outperform going forward. HDFC being a market leader is sure to drive this rally higher.
Also, the housing market could be poised for a recovery. As a result, housing finance as a sector can outperform going forward. HDFC being a market leader is sure to drive this rally higher.
Disclaimer
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.