This is a continuation form the previous HDFC bank trade which have given an exceptional return.
Congratulations to all who followed.
So here it seems that HDFC Bank is following a channel & is in a continuous upward trend. Given the fundamentals & market scenario it should touch the last month high fairly quickly. Needless to say, there is a possibility of breaking down within the channel, most likely to the lows of last 2 months (either) and then bouncing back to ATH.
Congratulations to all who followed.
So here it seems that HDFC Bank is following a channel & is in a continuous upward trend. Given the fundamentals & market scenario it should touch the last month high fairly quickly. Needless to say, there is a possibility of breaking down within the channel, most likely to the lows of last 2 months (either) and then bouncing back to ATH.