HDFC Bank - expect a bounce this week

10 เม.ย. 2021

HDFC Bank is in down trend and some might expect it will go down for few more weeks. It is trading in a channel. I think, we will see Fib Ratio fitting within the channel as shown. The stock is due for a bounce on hourly chart. The moving averages are indicating the stock is in Strong Sell Mode, this is when the small bounce happens in the opposite direction. Expect a bounce around 1406-1410 on Tuesday and I think this will test 1498-1500.

10 เม.ย. 2021

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By the way, I hold April month call options