HDFC Bank & RSI

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Price is facing resistance at 1555 - 1560 level. When it breaks the resistance we can go long above 1560 with the stoploss of 1545. Targets are 1580, 1592 ,1600 and 1610. RSI is forming hidden bullish divergence. Hidden bullish divergence occurs when price is making a higher low (HL), but the oscillator is making a lower low (LL).

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