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HDFC BANK LTD
Long

HDFC Bank - Moving in consolidation channel. Breakout soon!

1666
Key Highlights:

1. Potential change in MS underway
2. Descending broadening wedge pattern
3. Trendline breakout
4. Consolidating in parallel channel
5. Ripe for the next impulsive move
6. Target: 1561, 1635
7. Stop loss: 1455

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S:This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
johntradingwick
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView

✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
Also on:
Chart PatternsHDFCBANKhdfcbankanalysishdfcbanklongTechnical IndicatorsTrend Analysis

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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.
Chart PatternsHDFCBANKhdfcbankanalysishdfcbanklongTechnical IndicatorsTrend Analysis
johntradingwick
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView

✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
Also on:

Related publications

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.