HDFC Bank was down for a sizeable amount of time. Post RBI allowing HDFC to restart CC offerings to customers , there is a good movement in HDFC Bank.
Recently it has broken the resistance level highlighted in orange and then profit booking was obvious......current levels are crucial for a swing trade with good risk to reward ....i believe in case HDFC Bank turns upward from here , it could be a good opportunity to go long for a decent swing trade as FIIs are net buyers in the market after a very long time and HDFC bank is their most liked counter..