Below is the technical chart of HDFC Bank Ltd., listed on Indian stock exchange, using Ichimoku Kinko Hyo indicator.

 

 



 

 

 

 

 

 

hdfc bank technical chart

Although the price has crossed kumo @455.70 few trading sessions back, the Chikou-Span (CS) line is still below kumo. It's just kissing kumo. It needs to cross and close above kumo. That will be the confirmation of kumo breakout in HDFC bank and then one can buy this stock for the target of 497 in short term. Make a stoploss of 459.80.

Support level is at 448.

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Admin January 14, 2012

https://www.investmentkit.com/articles/wp-content/uploads/2012/01/HDFC-Bank.jpghttps://www.investmentkit.com/articles/wp-content/uploads/2012/01/HDFC-Bank-150x150.jpgAdminStock MarketAuto,Below,chart,Draft,hdfc bank ltd,Hyo,indian stock exchange,indicator,Kumo,Ltd,nbsp nbsp nbsp nbsp nbsp,stop loss,Target,trading sessionsBelow is the technical chart of HDFC Bank Ltd., listed on Indian stock exchange, using Ichimoku Kinko Hyo indicator.                 Although the price has crossed kumo @455.70 few trading sessions back, the Chikou-Span (CS) line is still below kumo. It's just kissing kumo. It needs to cross and close above kumo....Educating Investors

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