ronitgupta

HDFCBANK forms a head & shoulders pattern!

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NSE:HDFCBANK   HDFC BANK
HDFC BANK forms a head and shoulders pattern on 1 hour time frame. Although the neckline is not broken yet. It has also forms a RSI Divergence .
A high probability that it may go heavily bearish after breaking the neckline.
Trade active: It has gone bearish. It may go for another day.