HDFC Bank has formed a Head-N-Shoulder pattern on the chart. Also, it has broken it's neckline and marching towards southward. Also, chart suggests that the stock is under Flat corrective pattern too. If it is forming an "Regular/Extended Flat Correction" then the correction in the stock can extend from 1353 to 804.
Note:- Above analysis it just for study purpose and not any recommendation. Do you own analysis or consult you investment advisor before taking any trade.
Note:- Above analysis it just for study purpose and not any recommendation. Do you own analysis or consult you investment advisor before taking any trade.