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the_consolidation_guy

Channel in HDFCBank

HDFC BANK (NSE:HDFCBANK)  
the_consolidation_guy Updated   
NSE:HDFCBANK   HDFC BANK
Trend Analysis Chart Patterns HDFCBANK
2
0
trendanalysis chartpattern hdfcbank
Notes:

  • The scrip has been in a pretty tight range of 1% for the past 2 days. Today. after an early attempt at breaking the the upper wall, the stock fell into an even tighter consolidation of 0.5%. Expecting a breakout in either direction.
  • Aggressive traders may also consider the inner channel it traded today to take positions.
  • Safe traders could wait for the 1% channel bounds to be broken as confirmation.

Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Trade closed manually:
A tough breakdown to catch.
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