HDFCBANKThis stock is showing good power and strength to go more upside, once price closes above 1497 plus levels, then it can show more strength to go further up side,
Bullish crossover in weekly macd can put the bulls in a dominant position. on daily chart swing low of 1411 will be a crucial support to watch out for on the way down. One can go long at current levels or on dips near 1430 - 1450 zones (if any ) with stop of closing below 1411.
Fake break-down and now at parallel channel's top
wave structure could be like this
something coincides factors
macd in weekly is uptick
macd in daily is positive crossover and uptick
rsi in daily uptick along with double breakout
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I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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Long