karanwealthape
Long

HDFC Bank form Bullish W or Double Bottom Pattern

NSE:HDFCBANK   HDFC BANK
Hi Traders,

HDFC Bank Forming Bullish W or Double Bottom Pattern can go Long on every dip.

Bullish View on stock due to below point:

1) Stock forming Bullish W Pattern .
2) Stock was taken support at 2150-2160 zone & bounce with Good volume [Avg volume greater than 20 day].
3) Bounce happen from support was Big Green Candle
4) Stock Moved above 200 sma (Golden Crossover) mean stock is in bullish zone.

What indicator are suggesting:
1) RSI moved above 50 & Advance breakout from previous high which mean bullish in near term.(See the chart)
2) On Balance Volume 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.



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