HDFC took support near 2360 for 4 times and has been trading in a channel/range for about 3 months. If Trendline T1 is broken out then it may give us a good target of 2800-2850. In case, it breaks down Trendline T2 then it may again take support at 2360 and after that it may give a breakout against extended Trendline T1 and go for a target of 2800-2850 with a stop loss below 2360.