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manuagarwal21

HDFCBANK ABOVE SUPPLY ZONE

Long
HDFC BANK (NSE:HDFCBANK)  
manuagarwal21 Updated   
NSE:HDFCBANK   HDFC BANK
Trend Analysis Supply and Demand Support and Resistance HDFCBANK hdfcbankanalysis hdfcbanklong hdfcbankforecast hdfcbankidea breakout breakouttrading
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trendanalysis supplyanddemand supportandresistance hdfcbank hdfcbankanalysis hdfcbanklong hdfcbankforecast hdfcbankidea breakout breakouttrading
HDFC BANK has seen a very good trending move yesterday and it also went above and also closed above the supply zone (1415-1425), which would now act as a demand zone, hence any dip in the stock would most likely be absorbed soon, as long as stock is trading above 1410 levels.

Immediate resistance is around 1480-1490 levels.

This trade offers a good risk-reward ratio.

Trade type: Swing, Breakout

Trade closed: target reached
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