Tradeshiv

HDFC Bank - Multiple confluence - Channel BO, Bullish flag

Long
NSE:HDFCBANK   HDFC BANK
HDFCBank - 4H TF forms a channel Breakout after strong consolidation. Formation of Bullish flag and waiting for the breakout. Fibonacci BO also observed with an immediate resistance of 1496 which can also act as a Target 1 and the next target will be 1588. Currently the levels are above all the moving averages.

All the levels are mentioned on the chart.