#HDFCBank - this heavyweight may come in to hold #nifty50 & #BankNifty - RSI 61+
Targets - 1598/1633
Supports 1500- strong support 1440
View negated below weekly close 1450
#ChartsWithMS #Nifty50 #Technicals #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