HDFC Bank stock: After Wednesday's 4% dip, is it time to buy the Nifty counter?
On the weekly chart, the stock has been trading near its Lower Band of Rectangle Formation which suggests the possibility of a bounce back in the counter. “Moreover, the stock has been trading above its 100 Weeks Exponential Moving average, suggesting that the trend is up only and we can see further an up move in the counter from the present level,” said KKunal V Parar of Choice Broking.
Source: indiatimes.com