HDFC BANK LTDLong
HDFC BANK in BULL mode
STRONG BULLISH VIEW
Reasons:
NEWS
1. INR 50,000 crore fund raise via debt securities
2. Bank Deposits have risen 25% from a year ago
CHART
1. Ascending triangle (highlighted on chart) giving strong support
2. Evening Star (Bear Pattern) has formed at support clearly indicates the bearish pattern will fail, backed by bullish sentiments and news.
Trade Good for:
INTRADAY and SWING
Reasons:
NEWS
1. INR 50,000 crore fund raise via debt securities
2. Bank Deposits have risen 25% from a year ago
CHART
1. Ascending triangle (highlighted on chart) giving strong support
2. Evening Star (Bear Pattern) has formed at support clearly indicates the bearish pattern will fail, backed by bullish sentiments and news.
Trade Good for:
INTRADAY and SWING
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