HDFC Bank Could Rise To 2270-2280

HDFC has bounced up from levels near 2200 for the third straight day, validating Friday’s bullish inside bar candle, daily MACD’s bullish turn, and the RSI’s breach of the falling trendline last week.

The stock price can rise to 2239 by day’s end and will likely extend gains to 2270-2280 (falling trendline) hurdle next week.

I would want to be a seller if the price finds acceptance under 2200.

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