Description
⋅
The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap.
It has retest the break out zone and the gap is filled.
HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels.
Entry :- Above 1528
Possible Targets :- 1556, 1588
Swing/positional targets in the stock are even more. As the entry in the stock will be created the targets will be revised with trailing the SL/.
Wait for the price action on the bullish side for the entry.