HDFC Bank : Important to sustain above 1100 Long

NSE:HDFCBANK75

HDFC BANKNSE

Description

⋅ Aug 25, 2020 5:41 PM

If HDFC Bank will manage to hold above 1100 level then It may test its next supply zone @ 1150-1160 in coming days.

Comment

⋅ Aug 26, 2020 2:30 PM

Managed to Hold the 1100 level...
Fresh move will be above 1125

Comment

⋅ Aug 27, 2020 4:02 AM

Showing Strength today...I will add more qty once it will sustain above 1140

Comments

varun2424

⋅ Aug 28, 2020 10:19 AM

HDFC Bank isn't supporting the BankNifty rally ..... Is this a warning or the right time to enter ? I want to go long too but thought of waiting till Monday, 31st Aug, as I'm expecting a correction in the indices. Please let me know your opinions.

Swapilchoksi

⋅ Aug 29, 2020 5:15 AM

@varun2424, Hi Varun. I am not expecting any major correction in the index. Nifty will be weak below 11600 and BNF having strong multi pal demand zones on the downside. Only worry abt follow through and volatility.
As per my view HDFC Bank is still not weak unless it will give daily close below 1100 but fresh strong move is possible above 1140...So if u want to play safe then go long above 1140...
Thank x have a gr8 weekend