HDFC BANK LTDLong
HDFC Bank Ascending Triangle Breakout
Updated
Today HDFC bank stock price broke out of the ascending triangle and pulled back after a short rally.
Ascending Triangle Resistance is at 960 region and which should act as support now.
A Successful Retest of 960 zone is required for this pattern to work. I would take profit at anything close to 1100 or 200MA on 4 hour time frame.
This Pattern is invalidated if price fails to stay above 960. So, its important to buy only if 960 acts as support.
Trade Safe.
Ascending Triangle Resistance is at 960 region and which should act as support now.
A Successful Retest of 960 zone is required for this pattern to work. I would take profit at anything close to 1100 or 200MA on 4 hour time frame.
This Pattern is invalidated if price fails to stay above 960. So, its important to buy only if 960 acts as support.
Trade Safe.
Order cancelled
Pattern Invalid. No Trade.
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