Trade rationale

Other – Study mentioned in Notes Below

In the following attached chart, HDFC Bank has taken temporary support at previous resistance at 1390 levels for the immediate target at 1535 levels and stop loss below 1460 levels. On 3o min time frame, RSI(14) at 50, MACD(12,26,9) about to cross zero line in positive direction and ADX(14,14) at 17 also suggests a short term buy call for the script.