by the chart we can see that hdfcbank nearly breaking trendline but it doesn't mean it is going toward bearish trend : iF it would have crossed by price action then that would have been good but this breaking of trendline that too with big gap being a large cap stock and opening at multi support region there is high chance it will move upward atleast 1500 level retest and rsi also indicates oversold : ranging rsi value 20-25
high probabilty of pullback also upto 1.5 %
but hdfcbank at 1380 level target 1 % ( risk is there if banknifty doesnt hold 35200 level but high probability trade )
s l 1472
high probabilty of pullback also upto 1.5 %
but hdfcbank at 1380 level target 1 % ( risk is there if banknifty doesnt hold 35200 level but high probability trade )
s l 1472