 "The stock of Lupin has also witnessed a short-covering rally and now we might see some fresh long built-up in the counter")
BUY HDFC BANK | TARGET: Rs 1,500 | STOP LOSS: Rs 1,405
The stock has provided a breakout from a falling channel and has negated the formation of a lower top and lower bottom formation on the daily chart. It also surpassed the centerline of the 'Bollinger Band' which is called the exponential moving average, and now is on the verge of a breakout from the upper end of the band which is placed at 1,445 levels. The momentum indicator RSI has also reversed from its oversold territory and is showing signs of reversal which hints of further positive momentum in
