MESSAGES

I agree with indranil. Any time HDFC Bank will breakout and reach 1600

The following points make me a little bullish on HDFC Bank 1. making higher lows and making an ascending triangle pattern which is a bullish pattern. 2. it has given closing above 20DEMA 3. 1460 is a good resistance area which it has crossed today and faced selling in the region. But 1460 has been tested thrice before from January end. So next time breaking the resistance and closing above it will definitely take it 1480. 4. 1480 again is a resistance area in the next few days as its also where the counter will have its 200DEMA in the coming days 5. At this moment 200DEMA is around 1530. The moment a closing above 1480 is done , we can see an up move to 1520-1540 in April itself. I have a few lots of 1440CE April series from 37 levels. PS: This is just my view and not any recommendation. DYOR and consult your Financial Advisor.

on 28th march, i posted a message about what makes me bullish on hdfc bank. and i still believe in my points. i believe that hdfc bank is in for a blast up move direction soon. investors need not have to worry about trend changes. traders do position sizing as per your own risk. hdfc bank is moving in a beautiful ascending triangle pattern and is respecting its upward trend line. i am a trader and investor. we shall see 1520-1540 soon. p.s. : this is just my views and not any recommendation. dyor and consult your financial advisor for any investments and trades.