Stock analysis
Following a brief downturn in HDFC Bank from its peak levels, the stock entered a period of trading within a rectangular pattern. However, recent observations on both daily and weekly charts reveal a breakout from this range, accompanied by significant volume activity. This indicates the potential emergence of a new bullish trend in the short term.As long as the stock maintains trading above Rs 1,470, long-term traders may maintain a positive outlook and aim for a target of Rs 1,640.
What are the thoughts of the community? Any one holding?