arunprashanth888

long side hdfcbank

Long
NSE:HDFCBANK   HDFC BANK
by the chart we can see that hdfcbank nearly breaking trendline but it doesn't mean it is going toward bearish trend : iF it would have crossed by price action then that would have been good but this breaking of trendline that too with big gap being a large cap stock and opening at multi support region there is high chance it will move upward atleast 1500 level retest and rsi also indicates oversold : ranging rsi value 20-25
high probabilty of pullback also upto 1.5 %

but hdfcbank at 1380 level target 1 % ( risk is there if banknifty doesnt hold 35200 level but high probability trade )
s l 1472
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