As we observed in our previous analysis (attached below) of the stock, it bounced off from the support zone. The stock has now broken out of a range making it a bullish continuation pattern i.e. Bullish Flag. Hence we can expect HDFC Bank to hit 2640 in coming days as suggested by the pattern.
(Disclaimer: Our charts and contents are just for the purpose of...
HDFC Bank has been in a consolidation phase for a while. Currently the stock is at range bottom wherein a trendline support coincides. The price also being a round number, it increases the probability of stock moving upwards, at least to 2460.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not...
Buy HDFC Bank with a SL of 2095 for a target of 2123, 2130, 2140
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DESCENDING TRIANGLE FORMING IN HDFC BANK
BUT WAIT FOR IT
BEAR-TRAP IN PLACE
BUY HERE MIGHT SEE BOUNCE BACK BEFORE CLOSING TODAY
IF CLOSES ABOVE 1920 THEN
WE WILL SHORT @THE TRENDLINE WAIT FOR IT