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BharatAsani

HDFC Bank Analysis

Long
HDFC BANK (NSE:HDFCBANK)  
BharatAsani  
NSE:HDFCBANK   HDFC BANK
Supply and Demand Support and Resistance HDFCBANK hdfcbankanalysis hdfcbanklong Demand Zone demandandsupplyzones demand_zone
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supplyanddemand supportandresistance hdfcbank hdfcbankanalysis hdfcbanklong demandzone demandandsupplyzones demand_zone
HDFC Bank has given a good bullish move in 2nd half today, I expect further bullishness. There are total 3 scenarios that can happen:

Scenario 1 : Open above 1529 & retest of this level, buy if the level holds & market shows bullish momentum.

Scenario 2 : Price comes down to the first demand zone between 1505-1510 & shows bullish momentum then buy for a min target of 1529 with 1505 as SL.

Scenario 3 : Price comes to the 2nd demand zone between 1495-1500 & Shows bullish momentum then buy for a min target of 1529 with 1495 as SL.

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