After sharp selling from YH3 1790 , drawdown of -182 i.e -10.25%, 
HDFCBANK need to hold the range 1608-1675 and trade above 1675 for buullish momentum to continue.
Failing to hold 1600-1608 can see intermediate support of 1545/1525 downside. If took support from 1545-25 and trade above 1675 ,will be a better confirmation to continue bullish momentum..
With Union Budget to be presented on July 23 2004 ,it may consolidate in between 1608 and 1675.
Also need a positive Q1 result , that is likely to be announce on July 20-22.
HDFCBANK need to hold the range 1608-1675 and trade above 1675 for buullish momentum to continue.Failing to hold 1600-1608 can see intermediate support of 1545/1525 downside. If took support from 1545-25 and trade above 1675 ,will be a better confirmation to continue bullish momentum..
With Union Budget to be presented on July 23 2004 ,it may consolidate in between 1608 and 1675.
Also need a positive Q1 result , that is likely to be announce on July 20-22.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.