- It is not the first time it would reach its 200 DMA.
- There is a trendline since 2018 where it has tested the trendline and 200 DMA at the same time, it breaks the 200 DMA at times but comes back more aggressively.
- Moreover currently HDFC BANK is forming a pattern in between & , which is nothing but a continuation pattern.
The chart explains it all, Please have a look.
Chart & Analysis - ADARSH DEY
Long only above 1450 for the target 1520. Chart has been plotted with timeline. Rest God is supreme.