HDFC
HDFC is currently looking strong from a technical perspective. The stock has been trading above its 50-day and 200-day moving averages for the past few months and the Relative Strength Index (RSI) is above 70, indicating strong momentum. In addition, the stock is trading above its previous resistance levels, indicating that it is in a strong uptrend.
The stock has been able to hold onto its gains despite the market volatility, which suggests that investors are bullish on the stock. The company has also reported strong earnings in its latest quarter, with profits up by 27%. This has further increased investor confidence in the stock.
In conclusion, HDFC looks strong technically and is likely to continue to move higher in the near future. The stock is well supported by strong fundamentals and technical indicators, making it an attractive buy for investors.
The stock has been able to hold onto its gains despite the market volatility, which suggests that investors are bullish on the stock. The company has also reported strong earnings in its latest quarter, with profits up by 27%. This has further increased investor confidence in the stock.
In conclusion, HDFC looks strong technically and is likely to continue to move higher in the near future. The stock is well supported by strong fundamentals and technical indicators, making it an attractive buy for investors.
Delta Edge
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Delta Edge
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.