HDFC Bank has made a very strong comeback, breaking past above the 200 as well as the 50-day moving average So, HDFC Bank is likely to continue its momentum and start to outperform from the banking space. We would suggest a buy with Rs 1,650 as a momentum target and stop loss could be kept at Rs 1500 mark..
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Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade. We're not responsible for any loss or profits.
Chart PatternsHDFCBANKhdfcbankanalysishdfcbankforecastMoving AveragesTrend Analysis

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