RUDRA007

HDFC BANK CHART STUDY

RUDRA007 Updated   
NSE:HDFCBANK   HDFC BANK
Hdfc bank spot cmp 1673

Hourly time frame.

Head and shoulder pattern formation,
neckline support around 1669 levels
once counter breaks below 1669 and sustain for 15-20 mins breaks down can be confirmed.
hourly candle closing below 1668 levels would be best scenario.
down side counter can slide to levels of 1616-1600 as per chart pattern theory.

its conditional view, so study will be active only if condition are full filled.

keep watch
Trade closed: target reached:
1470 from 1670

200 points

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