HDFCBANK short term view. on 15th December 2020

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  HDFCBANK is in consolidation mode for past 24 trading sessions. It looks like the end of gloomy days. Stock is hanging around it's 21 day EMA levels for last 7 trading sessions. Head and shoulder at the top of the trend seems to be fading away. I ll go long in the counter with a stop loss below 1340 levels for short term target of 1440 levels. I think 4-5 days is enough for this target.

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