Hi Friends,
Just did an analysis on identification of various levels that have acted as important support and resistance levels on HDFC Bank share price
In fundamental analysis, we always come across buy low, sell high...
How low is low.... and how high is high...
These support/ resistance lines will help in identification of various levels, respected in the past and may act as a barometer to the above identification problem
Any dip to these levels below may well be good times to accumulate the stock
Please see my other analysis on Nifty 50 and other Indian benchmarks alongside to create your view.
If I was holding this stock, I will Continue to hold and buy on dips to any of these levels.
Trust this helps
Please share a thumbs up if you like what you see and you could post your comments , that helps to get feedback
Cheers
Just did an analysis on identification of various levels that have acted as important support and resistance levels on HDFC Bank share price
In fundamental analysis, we always come across buy low, sell high...
How low is low.... and how high is high...
These support/ resistance lines will help in identification of various levels, respected in the past and may act as a barometer to the above identification problem
Any dip to these levels below may well be good times to accumulate the stock
Please see my other analysis on Nifty 50 and other Indian benchmarks alongside to create your view.
If I was holding this stock, I will Continue to hold and buy on dips to any of these levels.
Trust this helps
Please share a thumbs up if you like what you see and you could post your comments , that helps to get feedback
Cheers
Note
Resistance zone being tested, as you can see. a break above the resistance zone will give further cues or downwards breaks at various supports
If you love what you see, pls share a thumbs up and a comment in the section below
Related publications
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.
If you love what you see, pls share a thumbs up and a comment in the section below
Related publications
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.