MACD9

HDFC BANK

Long
NSE:HDFCBANK   HDFC BANK
An Ascending Triangle in formation. Multiple attempts to break above @1715 were unsuccessful. With broader market in a bullish mode and interest shown in large cap stocks, I expect a breakout for an initial target of 2200.

The vertical distance from the ascending line to the breakout level is added to the breakout level for a target of 2200.
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