HDFC BANK LTDShort
HDFC # HEAD & SHOULDERS
BEARISH Head and shoulder pattern in HDFC BANK and this will break out at 1400. If a retrace happened it will ready to target 1391. After breakout possible, it will show some breakout correction from 1389. Breakout level becomes support after the breakout and it will bounce back towards the target from 1400 to 1420
The good entry point for this trade is at 1400 SELL but if want to wait for correction then can take entry at 1390 BUY after correction.
Possible Trade:
SELL HDFC above 1400
Stop-loss - 1404
Target 1390
The good entry point for this trade is at 1400 SELL but if want to wait for correction then can take entry at 1390 BUY after correction.
Possible Trade:
SELL HDFC above 1400
Stop-loss - 1404
Target 1390
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