HDFC Bank played according to plan shared on November 4. At closing, HDFC bank gave clear breakout from 1250 level. Now this level will give as support for further up move. Plans for 5th November almost remains same as 4th November. Below are the plans for 5th November.
1. Any dip towards 1250 is a buy for HDFC bank. Go long with SL of 1242 for target of 1270/1300/New ATH .
2. Go long aggressively above November 4th High i.e 1260 with SL of 1245. Targets can be same as in point 1.
3. Shorts should be triggered only below 1235 with SL of 1245 for target of 1222.
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Today's low is 1252 at first candle itself, thereby setting tone for bullish. Now trading at 1270 which is 1st target itself.
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2nd target 1300 reached. Now It should aim for new ATH