HDFC Bank: Confluence of multiple bullish indication

10 Kas 2022

Multiple factors playing in HDFC Bank counter:

• A rectangular consolidation is ready to be breached by the very strong Bullish Engulfing candle formation.
  
• The MAs are showing bullish trend with the distance among the MAs are expanding. Good momentum indication.
  
• High positive volume, above volume average .. breaking past the last 3 negative volume bars.
  

Trade: Buy above 1531, SL: 1515, T: 1541/1545