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HDFC Bank: Confluence of multiple bullish indication
HDFC BANK LTD
Long
HDFC Bank: Confluence of multiple bullish indication
By pradipandsuvra
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Nov 10, 2022
3
Nov 10, 2022
Multiple factors playing in HDFC Bank counter:
A rectangular consolidation is ready to be breached by the very strong Bullish Engulfing candle formation.
The MAs are showing bullish trend with the distance among the MAs are expanding. Good momentum indication.
High positive volume, above volume average .. breaking past the last 3 negative volume bars.
Trade
: Buy above 1531, SL: 1515, T: 1541/1545
Candlestick Analysis
indianstockmarket
Moving Averages
stocktobuy
stocktowatch
Volume
pradipandsuvra
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