HDFC BANK seems ready to blast above 1500!
Today's closing looks very strong which shows buyers are active now and ready to take it higher.. after posting good results recentl.. As per OI, 1500 is strong resistance, if it sustains above 1500 for at least 15 mins then huge short covering will get triggered! Probability is very high..
Bank nifty is also showing strength, it also seems ready to hit new highs in next few days..If stays above 41555 then short covering will take it much higher... HDFC bank would play major role in next BN upmove!
Play Safe, and always keep SL in system.
Comment:
HDFC Bank shot up after crossing 1500.. and holding it well. SL should be 1500 now.. FED events could play a part but it still seems strong.. on Breakout and strong last two daily candles..
Comment:
HDFC Bank went perfectly well! :-)
Trade closed: target reached