AyushSinghba

HDFC Bank: Nice Bounce off the 50 Day EMA.

Long
NSE:HDFCBANK   HDFC BANK
-50 day EMA a well respected support and resistance for HDFC .
-Failing to break it suggests the stock can head higher.
-Bullish MACD .
-Last day's fall was on weak volume .
-Expecting a good short-term rally.

Not an investment advice.
Disclosure: Not invested.
Trade closed: target reached
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.