HDFC Bank long opportunity

10 thg 11, 2021

HDFCBANK

Hello all!

HDFC Bank has been trading in a channel since the covid crash. It's now on the lower channel trendline again which makes a good opportunity to go long because the stop loss will be very minimal.

Also, the stock is between its 50% and 61.8% Fib Level and is trading in a very important zone which acted as a strong resistance earlier and should now act as a good support

Do let me know your views on this!

HAPPY TRADING!

*NOT A CALL*