Get started
HDFC Bank Limited
Long

HDFC Bank: Confluence of multiple bullish indication

261
Multiple factors playing in HDFC Bank counter:

  • A rectangular consolidation is ready to be breached by the very strong Bullish Engulfing candle formation.
  • The MAs are showing bullish trend with the distance among the MAs are expanding. Good momentum indication.
  • High positive volume, above volume average .. breaking past the last 3 negative volume bars.


Trade: Buy above 1531, SL: 1515, T: 1541/1545



pradipandsuvra
Also on:
Candlestick AnalysisindianstockmarketMoving AveragesstocktobuystocktowatchVolume

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Candlestick AnalysisindianstockmarketMoving AveragesstocktobuystocktowatchVolume
pradipandsuvra
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.