HDFC BANK - Learning
1. Price action shows that the trend is changed from down to up.
2. Volumes are not that attractive which attract the buyers but stock is good so we can think for long term.
So, if we want to take trade in HDFCbank, what will be the correct position ?
Position 1: when price will close above the 1600 on daily chart, why there because there will get small stoploss for large target.
Position 2: when price is near 1500 or little bit below, because we have a support of a trendline which will act as a support area.
Follow for more Analysis.
For Learning Purpose Only.
2. Volumes are not that attractive which attract the buyers but stock is good so we can think for long term.
So, if we want to take trade in HDFCbank, what will be the correct position ?
Position 1: when price will close above the 1600 on daily chart, why there because there will get small stoploss for large target.
Position 2: when price is near 1500 or little bit below, because we have a support of a trendline which will act as a support area.
Follow for more Analysis.
For Learning Purpose Only.
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