HDFCBANK Resistance Breakout

HDFCBANK has crossed the 61.8 Fib level, which it has been facing resistance from past 2-3 weeks. The next target can be 78.6 Fib level i.e, around 1148. (Both RSI and MACD also indicating a positive signal)

This is as per my analysis.

Happy Trading.

Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.