HDFCBank formed a large candle and is now consolidating with in this large candle for a few days now. Within consolidation, it has shown a good strength even during down market and traders grabbed every opportunity to buy at lower levels.
On weekly chart, Bull Power Indicator has crossed Bear Power Indicator showing that Bulls are now convincingly in control and they may be ready to take this stock for an up rally anytime as soon as market and global conditions are favorable and market settles down.
Buy HDFCBank with a SL of 1470 for targets 1600 and 1800.
Disclaimer:
This post is for education purpose only not a buy or sell recommendation. All Disclaimers apply.
On weekly chart, Bull Power Indicator has crossed Bear Power Indicator showing that Bulls are now convincingly in control and they may be ready to take this stock for an up rally anytime as soon as market and global conditions are favorable and market settles down.
Buy HDFCBank with a SL of 1470 for targets 1600 and 1800.
Disclaimer:
This post is for education purpose only not a buy or sell recommendation. All Disclaimers apply.