Nishantkk

HDFC LONG ( BTST)

Long
NSE:HDFCBANK   HDFC BANK
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0
Stock closed above the support range and volume supply near that range is also high which will push the stock upward, it may gap up too. A bear trap may be formed but until the 38.2% fibonacci retracement holds we should be on the trade.

Moreover Banknifty closed above the previous resistance line in hourly chart that also gives the confirmation to this idea.

Hope tomorrow is a good day for HDFCBANK and Banknifty
Trade closed: target reached: Target Reached after a huge bear trap.

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