Get started
HDFC BANK LTD
Long

HDFC Bank & RSI

By vanathi
Mod
Updated
Price is facing resistance at 1555 - 1560 level. When it breaks the resistance we can go long above 1560 with the stoploss of 1545. Targets are 1580, 1592 ,1600 and 1610. RSI is forming hidden bullish divergence. Hidden bullish divergence occurs when price is making a higher low (HL), but the oscillator is making a lower low (LL).
Trade active
vanathi
Mod
Role I play here : Moderator.
Also on:

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.