I got an alert from www.finthings.com about HDFC Ltd on Thursday. The alert is as follows.
Price moved up by 2.33%
Fast MACD (12,26) crossed above Signal line. (Bullish).
Traded Quantity is more than 61.05% of 30 day average traded quantity and Price moved up by 2.33% (Bullish)
So I checked its chart.
The stock shows a firm support at Rs 1,160-1,170 price zone. Accumulation is happening at this price zone. Volume has increased significantly. It shows conviction. The stock should be watched.
It will go back to Rs 1,350. Beyond that it is all blue skies.