Dinesh_C_Nagpal

HDFC BANK LTD

NSE:HDFCBANK   HDFC BANK
Hello & welcome to this analysis on India's largest bank

A strong uptrend which has recently seen a sideways corrective and the record date announcement of its merger with HDFC LTD could now see it give a strong up move pre-merger.

If it manages to hold 1590-1610 then above 1670 it could rally till 1750-1850.

Failure to hold 1590 could take it down towards 1560-1475-1350

Overall at the current level structure remains bullish with a good risk reward opportunity.

Happy Investing

Comment:
1st target 1750 done

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