HDFC BANK - Range Breakout Can lead to New highs
Updated
HDFC BANK is consolidating in range of 1350 and 1450 for long position.
Once it breaks this range then it will make new highs. Expected Targets are around 1550.
Considering the bank nifty has not touched its lifetime high yet HDFC can be one of the factors in reaching that.
The same range breakout is shown on the chart. So I believe history will repeat itself.
DISC: This is not a buy or sell call. Please consult your financial advisor before taking any decision.
Once it breaks this range then it will make new highs. Expected Targets are around 1550.
Considering the bank nifty has not touched its lifetime high yet HDFC can be one of the factors in reaching that.
The same range breakout is shown on the chart. So I believe history will repeat itself.
DISC: This is not a buy or sell call. Please consult your financial advisor before taking any decision.
Note
Target 1 is achieved and it now heading to break 1500 levels. If day closing happens above 1465 levels with volumes, then definitely it is going to touch 1500 Levels in coming days.Note
1500 Touched today.Trade closed: target reached
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