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HDFC BANK #HDFCBANK

- SAW AN AGGRESSIVE SELLING IN THE LAST SESSION.

- MOVING IN AN UPWARD TRENDING CHANNEL

- TAKING SUPPORT FROM 100SMA AND LOWER CHANNEL.

INDICATORS:

RSI - BELOW 40-LEVEL AND IS BEARISH

TT2 TREND IS BEARISH IN 30MINS

BSM IS CURRENTLY IN SELL-ZONE

COMMENTS:

1. SELL BELOW 1098

SL 50SMA

TGT 1091/1082/1068

2. BUY ABOVE 1111

SL 100SMA

TGT 1119/1130/1135

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!

***Always keep buffer with target and SL level

***in case of GAP opening, the given levels become invalid.

***this is my personal view. Please take advice from your financial advisor before investing.