HDFC Q1 results: Decline in PAT, Net income QoQ basis. No insights included on the moratorium loans in results. But still being showcased as positive by media houses.
Technically stock has made a resistance level around 1080-1090 zone. Price is hovering around 200 DMA. Volume has dissipated. Thus stock presents mixed signals.
Tomorrow: 1. If Candle breaks the 200 DMA with heavy volume: GO long till 1200 levels. 2. If Price hovers around resistance level (1090) or falls below the line: Go short.