On the daily chart, the stock rebounded very sharply from its previous breakout zone of 1530
This rally is accompanied with rising volumes indicating increased participation
On the daily chart, the stock has recaptured its 20 day SMA and HDFC Bank Limited Weekly Tech Picks 24 September sustaining above the same indicating positive bias
The trend line on the daily RSI signals rising strength at lower levels.
The daily and weekly strength indicatorN RSI is placed above 50 mark which supports rising strength.
The above analysis indicate an upside of 1675- 1730 levels. Time period is 3 to 4 weeks
This rally is accompanied with rising volumes indicating increased participation
On the daily chart, the stock has recaptured its 20 day SMA and HDFC Bank Limited Weekly Tech Picks 24 September sustaining above the same indicating positive bias
The trend line on the daily RSI signals rising strength at lower levels.
The daily and weekly strength indicatorN RSI is placed above 50 mark which supports rising strength.
The above analysis indicate an upside of 1675- 1730 levels. Time period is 3 to 4 weeks