HDFC Bank at Major Support Levels
HDFCBANK has been hammered by the markets and is currently taking support at 200 Weekly EMA. This level has been touched or breached by the bank only thrice before today in more than 2 decades. This is certainly challenging for the bank and while it looks oversold, I would only buy above the current resistance of ~1700+ as this level has been a very strong resistance. Do not ignore technicals.
Jatin Agarwal
Founder and CIO at MoneyCraft (SEBI RIA)
Creator at The Bull of Dalal Street (YouTube Channel)
Founder and CIO at MoneyCraft (SEBI RIA)
Creator at The Bull of Dalal Street (YouTube Channel)
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.
Jatin Agarwal
Founder and CIO at MoneyCraft (SEBI RIA)
Creator at The Bull of Dalal Street (YouTube Channel)
Founder and CIO at MoneyCraft (SEBI RIA)
Creator at The Bull of Dalal Street (YouTube Channel)
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.