vicky252

Break Out Trade in HDFC Bank

Long
NSE:HDFCBANK   HDFC BANK
Date: 9-Jan-2022
LTP: Rs. 1,550.55
Target: Rs. 1640-->1720-->1875.

HDFCBANK has recently shown break out from the current secondary trend with higher volume, indicating a strong possible up move. Technical indicators are also showing positive sign with 7D EMA crossed over 13D and 26D EMA on 1D TF chart. MACD crossed over to bullish zone and RSI is in buy zone.
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.