#HDFCBANK went upto 1725 levels with huge increase in volumes. Probably hands changed at the top and again the retail investors were trapped at the top. There was non stop selling in this counter trapping all the small investors and option players. Now it has found support at the lower levels and is up in the last two sessions with positive parameters.
As per charts I expect it to test 1407 levels and depending on the interest of the operators it may test 1700 levels. Fingers crossed for this target.
As of now the parameters suggest that more upmove is possible to 1407 levels atleast. One plus point is that even in the falling markets it is slowly rising.
One can buy this for a swing trade either in equity or options. For investors it is best time to buy this stock.
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