Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
HDFC Bank forming a Head & Shoulders Pattern on Daily timeframe
HDFC BANK LTD
Short
HDFC Bank forming a Head & Shoulders Pattern on Daily timeframe
By kapildheer
Follow
Follow
Dec 12, 2020
0
Dec 12, 2020
HDFC Bank
HDFCBANK
seems to be forming a Head & Shoulders Pattern on a daily timeframe.
With a neckline around 1360-1365 zone if the pattern completes, we may see next incoming target of around 1250 which was earlier resistance.
In case further breakdown, the next major support comes at 1150-1170 zone.
HDFCBANK
Head and Shoulders
Support and Resistance
Trend Analysis
kapildheer
Follow
Also on:
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
.