ADH13

HDFC Bank Trendline Breakout

Long
NSE:HDFCBANK   HDFC BANK
HDFCBANK has shown a breakout from its trend line.
There has been an increase in Volumes and also crossing 20-Day avg. volume lately.
Additionally, RSI has also given a breakout from its 55-levels after more than 2 months.

1500-1510 may continue to see some sort of resistance beyond which targets maybe achieved fairly quickly.

STOPLOSS can be considered as the SUPPORT line.
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