AS PER MY ANALYSIS IN MONTHLY CHART OF HDFC BANK LTD IT IS THE BEST TIME TO INVEST IN HDFC BANK LTD (NSE) FOR LONG TERM.....BEST STOCK FOR SWING TRADERS AS THE TREND IS UP IN MONTHLY CHART....AND COMMODITY CHANNEL INDEX INDICATOR IS ALSO BELOW -100 LEVEL(OVERSOLD REGION)..AS YOU WILL SEE A BULLISH HARAMI PATTERN IN MONTHLY CHART IN SHORT TERM CORRECTION WHICH ALSO GIVE A BEST SUPPORT...AND AS PER MY TRADING SIGNAL IT IS ALSO POSITIVE...
RSI(3) IS ALSO BELOW 20 WHICH ALSO SHOWS THAT STOCK IS IN OVERSOLD REGION...
MACD AND MOVING AVERAGE IS NOT SUPPORTING IT FOR SHORT TERM...YOU WILL FIND SOME MORE DIPS FOR SHORT TERM(IN DAILY CHARTS )BUT FOR LONG TERM IT IS THE BEST....
SO CAN LOOK FOR LONG TERM INVESTMENT....
RSI(3) IS ALSO BELOW 20 WHICH ALSO SHOWS THAT STOCK IS IN OVERSOLD REGION...
MACD AND MOVING AVERAGE IS NOT SUPPORTING IT FOR SHORT TERM...YOU WILL FIND SOME MORE DIPS FOR SHORT TERM(IN DAILY CHARTS )BUT FOR LONG TERM IT IS THE BEST....
SO CAN LOOK FOR LONG TERM INVESTMENT....