HDFC BANK at 200SMA Breakout - Mix indicator result - Next Level

7 thg 7, 2020

#HDFCBANK Q1FY21 advances stood at Rs 10,045 Billion vs Rs 8.297 Billion YoY. Deposits at Rs 11,895 Billion vs Rs 9,546 Billion YoY while CASA Ration at 40% vs 39.7% YoY which will help to make better operating efficiency of the Bank.

Yesterday, Stock breakout the upper trendline but closed below 200SMA after hitting. Today open above but shown bearish movement and closed above trnedline.

If NIFTY will bullish tomorrow then stock will hit 200SMA else it will move to down from trendline.

Showing Mix result in all indicator:
Increase in Relative strength - Sectoral Index
MFI bearish
CCI in overbought
RSI is trending UP
Stoch in overbought
New Long
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Support : 1085 and 1068
Breakdown : 1093
CMP : 1105
Breakout : 1111
Short Target : 1122 and 1138
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Negative Point:
1) HDFC Bank clarify about raising money via QIP/ADR and said news are purely baseless and speculative.
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(Disclaimer: This is only for educational purpose.)