The trend lines have been drawn on the basis of previous day reversal levels of the stock along with other market data/indicators. The trend lines are valid for intraday trade on 28/02/2020.
Disclaimer: The chart is posted for educational learning only.
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I think HDFCBANK has topped in a medium term. There are many things aligning up and all say that HDFCBANK's top is in.
The RSI has divergence, There is a long term trendline acting as a resistance. Also in the shorter term there is resistance as well.
The chart is very clear and speaks for itself.
Stop loss: 1318
DATE: DECEMBER 22, 2019