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Mambotrade

HDFC Bank retesting the break out zone, looks bullish.

HDFC BANK (NSE:HDFCBANK)  
Mambotrade  
NSE:HDFCBANK   HDFC BANK
Moving Averages Support and Resistance Fibonacci nifty50 BANKNIFTY HDFCBANK hdfcbankanalysis hdfcbanklong hdfcbankforecast hdfcbankidea hdfcbanklongtermview hdfcbanklongtermanalysis
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movingaverage supportandresistance fibonacci nifty50 banknifty hdfcbank hdfcbankanalysis hdfcbanklong hdfcbankforecast hdfcbankidea hdfcbanklongtermview hdfcbanklongtermanalysis
snapshot
The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap.

snapshot
It has retest the break out zone and the gap is filled.

HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels.

Entry :- Above 1528

Possible Targets :- 1556, 1588

Swing/positional targets in the stock are even more. As the entry in the stock will be created the targets will be revised with trailing the SL/.

Wait for the price action on the bullish side for the entry.

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