HDFC Bank: Confluence of multiple bullish indication
Multiple factors playing in HDFC Bank counter:
Trade: Buy above 1531, SL: 1515, T: 1541/1545
- A rectangular consolidation is ready to be breached by the very strong Bullish Engulfing candle formation.
- The MAs are showing bullish trend with the distance among the MAs are expanding. Good momentum indication.
- High positive volume, above volume average .. breaking past the last 3 negative volume bars.
Trade: Buy above 1531, SL: 1515, T: 1541/1545
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