HDFC bank has very strong support at 200 DEMA. Moreover 9 DEMA is acting as strong resistance since its started retracement. once it breaks on either side , it will move decisively. if goes upward, then any closing above the 50 hrs EMA ( or 9 DEMA), should be considered break out. if it breakdown the 200 DEMA , then there should be decisive downward move .
disclaimer: For education purpose only.
disclaimer: For education purpose only.