anirudhraj1501

HDFC cup and handle pattern 1D time frame

Long
NSE:HDFC   None
HDFC forming cup and handle pattern in 1 day time frame. It gave a breakout of the pattern with above average volume and came for the retest . WE can buy if it makes any bullish candle closing above 2930. It is not giving any move because of the results that have to be declared on the 1st of November. If the results are positive we can see an upward move in the stock.
entry:2930
1st target: 3050
2nd target: 3350
Stoploss: 2680
in order to achieve the targets we must hold the stock for atleast a month depending on the momentum
NOTE: this is only for educational purpose not a buy or sell recommendation
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