HDFC BANK LTDUpdated HDFC Near 200 Ema weekly support
HDFC near 200 EMA weekly support range.
Recently, due to poor results, HDFC has a retracement.
The stock has been within this range for the last 4 years.
Given that HDFC is fundamentally strong, the correction gives a good opportunity to invest for the long term.
Recently, due to poor results, HDFC has a retracement.
The stock has been within this range for the last 4 years.
Given that HDFC is fundamentally strong, the correction gives a good opportunity to invest for the long term.
Trade closed: target reached
HDFC has reached its 3-year resistance level of 1700.
Got 20% movement from support level.
You may consider exiting or booking partial profits if its short term.
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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.