HDFC Bank Chart:
Rule given by master Ilango:
Above HEma:- Hold Buy.
Below LEma:- Hold sell.
Between HEma & LEma:- Trade the supports & resistances.
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HDFC Bank has given close above all mentioned 5 days EMA. Share has turned to buy on dips scenario till it close below 5DCEMA. There is ascending triangle formation on hourly chart with breakout level as 634 . Longs can be attempted on high volume break of 634 for target of 640 ,643, 648 and 655. Please note 641-643 is an area of resistance above which weekly trend will turn up.
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