HDFC BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from trend line and moving average support zone, further buying expecting once HDFC BANK closes above 861. (Updated on 26th August 2014, Tuesday).

HDFC BANK

• As per previous report published on REC LTD stock closed below its range bound zone 507, showed some weakness and made a low @ 492 and then again bounced back, made a false bearish breakout. (Click here to see previous report published on HDFC BANK).
• Now as per current situation stock is again moving in a range bound zone , as long as it moves in a range stock trend will not be clear and it will zig zag, on upper side once stock closes above its range @ 861 and holds above then we can see some further strength in HDFC BANK for next few trading days.
• Intraday trading tips - Close watch once stock starts trading above 861 , if holds above then we can see some intraday bulls action in HDFC BANK.
• As per graph no2 stock is moving up from 100 days moving average and strong trend line support zone, this will favor bulls to take stock further up.
• Suggested Reading - GE SHIPPING moving in a range bound zone , strength expecting once stock closes above its range.
• As per graph no3, stock is currently moving above its golden ratio and this indicates bullish signals as long as trades above , if holds its golden ratio then stock will test its previous high around 861 and above 861 will be facing next strong resistance around 902 its 161.8% fibonacci retracement. Close Watch,
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