clearly defined range for HDFC bank
HDFC bank has very strong support at 200 DEMA. Moreover 9 DEMA is acting as strong resistance since its started retracement. once it breaks on either side , it will move decisively. if goes upward, then any closing above the 50 hrs EMA ( or 9 DEMA), should be considered break out. if it breakdown the 200 DEMA , then there should be decisive downward move .
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disclaimer: For education purpose only.
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