HDFC has given a breakout above its previous life time high which was tested three times and now it is trading succesfully above it, volume was above average during the breakout.Now it is a good time to enter long with a stop loss.
Other indicators:-
Momentum= RSI is in bullish zone i.e. above 60 on monthly, daily and weekly timeframe.
Trend= ADX's value is above 25 shows strong trend.
Relative Strength= HDFC is out performing both NIFTY50 and Financial Services Index.
Entry= above 2950
Stoploss= 2700
Target=3400
Other indicators:-
Momentum= RSI is in bullish zone i.e. above 60 on monthly, daily and weekly timeframe.
Trend= ADX's value is above 25 shows strong trend.
Relative Strength= HDFC is out performing both NIFTY50 and Financial Services Index.
Entry= above 2950
Stoploss= 2700
Target=3400