praveshk2

Hdfc Bank entry level

Long
NSE:HDFCBANK   HDFC BANK
Once it closes above 1410-1430 on weekly/monthly chart best time to enter, as currently facing resistance of Ema20 on monthly, ema20,50,100 on weekly and ema20,50,100,200 on daily, once closes above mention level seeing target of 2500-2600 in an year after closing above 1430 9n monthly basis. can take entry now as well but with tight stoploss as it is at bottom of price channel , if breaks down then can go uptocovid level, so need to be very attentive if accumulating on current level. Currently one can see it has resolved rsi divergence created from nov2019_feb2021, and as of now there is no other reason for it to go down now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.