HDFCBANK Trading on Long-term Trendline

Aug 5, 2021

HDFCBANK is trading on the long-term trendline support since Mar'2020. The stock broke down from the trendline with a gap and is now retesting the trendline once again. Could this be a precursor to an impending fall in the stock in the coming days/weeks? We will be tracking the price closely and update this section as we get more info.

Aug 31, 2021

Note

Short opportunity was created once on 18 Aug which was also recovered by the bulls. We can safely say that this short view is no longer applicable now that the stock has crossed the trend line with bullish force.