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AyushSinghba

HDFC Bank: Nice Bounce off the 50 Day EMA.

Long
HDFC BANK (NSE:HDFCBANK)  
AyushSinghba  
NSE:HDFCBANK   HDFC BANK
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
-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
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