HDFC Bank has had a break out from the Channel Pattern and has retraced back to the Breakout.
Resistance should act as a Support and we could have a good probability of a Higher High Formation in the next couple of weeks.
HDFC also has a similar formation. If these two Big guns get going, Bank Nifty could see a bounce back into the 38000 ~ 38759 Zone.
Resistance should act as a Support and we could have a good probability of a Higher High Formation in the next couple of weeks.
HDFC also has a similar formation. If these two Big guns get going, Bank Nifty could see a bounce back into the 38000 ~ 38759 Zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.