Technical analysis of HDFC BANK

Is it the right time to buy HDFC BANK ? Obviously yes, as it has corrected more than 20%. As the stock is approaching its first support, its good to accumulate at 1300 levels. And in case the 1st support is broken, more of the stock can be accumulated at 1150 levels. The analysis is for a long term perspective, thus the stoploss is not discussed. For educational purposes only.