#HDFCBank daily chart broken above down trend line
RSI 50+ & sustaining above 50
#Stock broke down trend line & consolidating in penant pattern
if it is able to break & sustain above 1920, it may move towards 2050-60 region
Not a trading call, academic post
#Nifty #banknifty

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The other way to look at this is that..The stock went below 21 month EA in 2008 & 2020 crash
Something is happening really too bad and worst is yet to come for entire market !!
Something is happening really too bad and worst is yet to come for entire market !!
HDFC bank Monthly Chart :
— EquiAlpha -MidTerm Momentum\U0001f40e\U0001f40e (@equialpha) March 7, 2022
In last 20 years - Only 2 times the stock has gone below 21 month EMA as market. This seems the third time (Monthly close will confirm )
Don't know but something seems off !!
Lets check again on month end pic.twitter.com/9eeVfikdnU