Inclined Channel in HDFCNotes:
HDFC has been in an inclined channel since the first week of May
It is now at a critical resistance 2583-2640 (Almost a 2% zone)
Last time the level was tested, it resulted in a strong rejection candle (March 31st and 29th April)
The latest candle (almost a marubozo ) shows more confidence for a bullish break.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
