#HDFCBANK
The setup looks favorable above 1531 for target's of 1640+
#StockMarket #StocksToWatch
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2150 📍
On weekly log scale; The trend remains intact towards the upside. Next up would be 2340.
[As mentioned; this can be in one's long term portfolio, Targets would keep on becoming elongated.]
#StockMarket #StocksInFocus #investing https://t.co/HJH5XwMRf5
#DEEPAKNITRITE Update
— Gurleen (@GurleenKaur_19) July 30, 2021
Reclaimed ATH and fresh at 2052.90
Came up with Great numbers and this can be in one's portfolio for long term. #StockMarket #StocksInFocus https://t.co/dMWyf013Nt pic.twitter.com/vxV6c0Eskp
The price has now reached Point D and looks ready to take a dive from here.
Avoid fresh longs here. https://t.co/JpzNfzNRW1
#TVSMOTOR
— Gurleen (@GurleenKaur_19) June 26, 2022
The price advance might turn back from either the initial peak or Point D.
Let's see how it rolls out. pic.twitter.com/Lpf5ONGahd
More from Hdfcbank
Let's look at the Multi-TF Technical aspect~
In weekly; Price marked by converging trend lines.
Representing consolidation prior to continuing in the direction of existing trend.
Sustenance above 1531 and a break-through at 1579.35 would trigger 1640+
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In daily; it's showing a counter-trend move that has followed after a sharp price movement.
Rejection level at 1579.35 which needs to be breached for extended upside.
Both Weekly and daily charts are indicating the resumption of the prior trend.
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It has been on my radar since August series and I have been watching out for these levels to be neatly breached for a bullish move.
#HDFCBANK
— Gurleen (@GurleenKaur_19) August 10, 2021
The setup looks favorable above 1531 for target's of 1640+#StockMarket #StocksToWatch pic.twitter.com/jbQrbjuYHy
The news is also favorable for #HDFCBANK.
In their last commentary, Bank said~ the transportation finance disbursements are 110% of May numbers.
July was 40% higher than the month of June and August was twenty 25% higher than July.
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Bank is very upbeat about it's growth in rural and semi-rural areas.
Right now they are active in total of 1 Lac villages.
Within two years they aim to expand it to 2 Lac villages as it's going to be major part of their loan book.
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