HDFC Bank Forming W or Pattern can go Long on every dip.
View on stock due to below point:
1) Stock forming W Pattern .
2) Stock was taken support at 2150-2160 zone & bounce with Good [Avg greater than 20 day].
3) Bounce happen from support was Big Green Candle
4) Stock Moved above 200 (Golden Crossover) mean stock is in zone.
What indicator are suggesting:
1) moved above 50 & Advance breakout from previous high which mean in near term.(See the chart)
2) has given Advance Breakout .(See the chart)
Happy Learning );
Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.