HDFC BANK ( LONG )
Updated
here we are having a look at HDFC bank as you can see in the photo itself we can clearly see the stock has given breakout from a downward channel and that's a good sign for bulls as we come to the end of June the next month would be playing an important role for this stock since INDEX nifty has already made a new all-time high we are expecting bank nifty to be in the same range or pace since HDFC bank is heavyweight of bank nifty still room to move there are some important levels to look out the stock has tested the zone of 1520 multiple times and it is having high chances of breaking that level in coming days
one can take entry after the breakout of 1520 with STOPLOSS of 55-60 points with the target of 1640 level and the stock is showing some strong long build-up so we can expect bullish move in the coming days
DO FOLLOW YOUR RISK TO REWARD RATIO
Disclaimer- I am not SEBI registered advisor. All views shared are for educational purposes and should not be considered advice of any nature. Learn and Earn.
one can take entry after the breakout of 1520 with STOPLOSS of 55-60 points with the target of 1640 level and the stock is showing some strong long build-up so we can expect bullish move in the coming days
DO FOLLOW YOUR RISK TO REWARD RATIO
Disclaimer- I am not SEBI registered advisor. All views shared are for educational purposes and should not be considered advice of any nature. Learn and Earn.
Note
TRADE WILL BE ACTIVE ONCE WE GET CLOSING ABOVE 1523 ON 15MIN/1HR
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.